$4,216 Closing Credit*
$355,000
1,732 SqFt
3 Beds
•2 Full Baths, 1 Partial
Alicyn Nichols, Listing Office: Century 21 Town & Country Realty - Mickleton
Is Mount Royal, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mount Royal was a Neutral Market.
Key Takeaway
Mount Royal is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Royal, NJ
How much do homes in Mount Royal, NJ cost?
Median Sold Price
$410,000
$176/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$83,937(+25.7%)
Key Takeaway
Homes in Mount Royal have sold for 25.7% more than they did a month ago.
Summary: The median home sold price in Mount Royal was $410,000 in November 2024, up 25.7% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $326K | $425K | +30.3% |
| 4 Bedrooms | - | $295K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mount Royal 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 increased by 30.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Mount Royal, NJ
How many homes are available in Mount Royal, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Mount Royal real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Royal 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Royal, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mount Royal in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Mount Royal, NJ
How long does it take to sell a home in Mount Royal, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 86 Days | +196.6% |
Summary: Homes in Mount Royal had an average of 86 days on market in Nov 2024, up by 196.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Royal are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Mount Royal; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
