Is Mine Hill, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mine Hill is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Mine Hill was a Buyer's Market.

Key Takeaway

Mine Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mine Hill, NJ

How much do homes in Mine Hill, NJ cost?

Median Sold Price

$540,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

-$5,000(-0.9%)

Key Takeaway

Homes in Mine Hill have sold for 0.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$420K
N/A
3 $545K$540K
-0.9%
4 -$715K
N/A
5+ --
N/A

Summary: Mine Hill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mine Hill
-0.9%
Mine Hill Township
-0.9%

Housing Supply in Mine Hill, NJ

How many homes are available in Mine Hill, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
19190.0%

Summary: The Mine Hill real estate market had 19 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 86
-25.0%
4 89
+12.5%
5+ 01
+100.0%

Summary: The Mine Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mine Hill, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Mine Hill in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Mine Hill, NJ

We’re sorry, we don't have information for this market at the moment

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 Mine Hill, NJ

Nearby Markets to Mine Hill, NJ

What housing markets are near Mine Hill, NJ?