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 seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mine Hill has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Mine Hill, NJ

How much do homes in Mine Hill, NJ cost?

Median Sold Price

$587,500

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$47,500(+8.8%)

Key Takeaway

Homes in Mine Hill have sold for 8.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $420K-
N/A
3 $540K$367.5K
-31.9%
4 $715K$587.5K
-17.8%
5+ -$800K
N/A

Summary: Mine Hill housing prices by bedroom type for November 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 31.9%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Kenvil
+55.6%
Mine Hill
+8.8%
Mine Hill Township
+8.8%

Housing Supply in Mine Hill, NJ

How many homes are available in Mine Hill, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1618+12.5%

Summary: The Mine Hill real estate market had 18 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 67
+16.7%
4 68
+33.3%
5+ 11
0.0%

Summary: The Mine Hill 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 decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 100% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Mine Hill in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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?