Is Mickleton, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mickleton is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Mickleton has remained a Seller's Market.

Key Takeaway

Mickleton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mickleton, NJ

How much do homes in Mickleton, NJ cost?

Median Sold Price

$550,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$32,500(-5.6%)

Key Takeaway

Homes in Mickleton have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in Mickleton was $550,000 in November 2024, down 5.6% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $295K$365K
+23.7%
3 $401K$444.1K
+10.8%
4 $650K$720K
+10.8%
5+ $725K$760K
+4.8%

Summary: Mickleton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

Gibbstown
+16.0%
Greenwich Township
+14.9%
East Greenwich Township
+11.4%
Clarksboro
+3.2%
Mickleton
-5.6%

Housing Supply in Mickleton, NJ

How many homes are available in Mickleton, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1716-5.9%

Summary: The Mickleton real estate market had 16 homes for sale in November 2024, a 5.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 118
-27.3%
4 67
+16.7%
5+ 00
0.0%

Summary: The Mickleton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mickleton, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Mickleton in November 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.

Days on Market for Mickleton, NJ

How long does it take to sell a home in Mickleton, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days30 Days+4.2%

Summary: Homes in Mickleton had an average of 30 days on market in Nov 2024, up by 4.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mickleton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in Mickleton; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Mickleton, NJ

Nearby Markets to Mickleton, NJ

What housing markets are near Mickleton, NJ?