$3,503 Closing Credit*
$295,000
1,300 SqFt
3 Beds
•1 Full Bath
Listing Office: KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
Is Mullica Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mullica Township was a Seller's Market.
Key Takeaway
Mullica Township 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 Mullica Township, NJ
How much do homes in Mullica Township, NJ cost?
Median Sold Price
$351,950
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$33,050(-8.6%)
Key Takeaway
Homes in Mullica Township have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Mullica Township was $351,950 in November 2024, down 8.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $308.4K | $278.5K | -9.7% |
| 3 Bedrooms | $335K | $332.5K | -0.7% |
| 4 Bedrooms | $445K | $520.3K | +16.9% |
| 5+ Bedrooms | $524.9K | $470K | -10.5% |
Summary: Mullica Township 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 decreased by 9.7%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Galloway Township | $195.1K | $295K | +51.2% |
| Washington Township | $335K | $405K | +20.9% |
| Egg Harbor City | $260K | $305K | +17.3% |
| Hammonton | $325K | $363K | +11.7% |
| Mullica Township | $385K | $351.9K | -8.6% |
Housing Supply in Mullica Township, NJ
How many homes are available in Mullica Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The Mullica Township real estate market had 27 homes for sale in November 2024, a 15.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mullica Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mullica Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Mullica Township in November 2024, down by 63.6% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Mullica Township, NJ
How long does it take to sell a home in Mullica Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 11 Days | -61.3% |
Summary: Homes in Mullica Township had an average of 11 days on market in Nov 2024, down by 61.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mullica Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Mullica Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.