$8,894 Closing Credit*
$749,000
4,826 SqFt
4 Beds
•2 Full Baths, 2 Partial
Katherine Daly, Listing Office: Keller Williams Hometown
Is Mullica Hill, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Mullica Hill was a Seller's Market.
Key Takeaway
Mullica Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mullica Hill, NJ
How much do homes in Mullica Hill, NJ cost?
Median Sold Price
$565,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$45,640(+8.8%)
Key Takeaway
Homes in Mullica Hill have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Mullica Hill was $565,000 in September 2024, up 8.8% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307.7K | $412K | +33.9% |
| 3 Bedrooms | $430K | $450K | +4.7% |
| 4 Bedrooms | $630K | $679.9K | +7.9% |
| 5+ Bedrooms | $549.9K | $787.5K | +43.2% |
Summary: Mullica Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 43.2%.
Median Sold Price Compared To Nearby Cities
| Elk Township | $267.5K | $363K | +35.7% |
| South Harrison Township | $550K | $618.8K | +12.5% |
| Harrison Township | $505.7K | $555K | +9.7% |
| Mullica Hill | $519.3K | $565K | +8.8% |
Housing Supply in Mullica Hill, NJ
How many homes are available in Mullica Hill, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 67 | 57 | -14.9% |
Summary: The Mullica Hill real estate market had 57 homes for sale in September 2024, a 14.9% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 34 | 29 | -14.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Mullica Hill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 7 | -68.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mullica Hill, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mullica Hill in September 2024, down by 68.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Mullica Hill, NJ
How long does it take to sell a home in Mullica Hill, NJ?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 25 Days | 13 Days | -46.2% |
Summary: Homes in Mullica Hill had an average of 13 days on market in Sep 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mullica Hill are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 7 homes were sold in Mullica Hill; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.