$4,036 Closing Credit*
$339,900
885 SqFt
2 Beds
•1 Full Bath
Alexis Geletka, Listing Office: Century 21 - Ocean City
Is Mullica Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mullica Township has remained a Seller's Market.
Key Takeaway
Mullica Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mullica Township, NJ
How much do homes in Mullica Township, NJ cost?
Median Sold Price
$350,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$39,900(-10.2%)
Key Takeaway
Homes in Mullica Township have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in Mullica Township was $350,000 in October 2024, down 10.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $389.9K | $252.7K | -35.2% |
| 3 Bedrooms | $325K | $335K | +3.1% |
| 4 Bedrooms | $465K | $497.9K | +7.1% |
| 5+ Bedrooms | $524.9K | $470K | -10.5% |
Summary: Mullica Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Galloway Township | $185K | $293.7K | +58.8% |
| Washington Township | $330K | $405K | +22.7% |
| Egg Harbor City | $260K | $298K | +14.6% |
| Hammonton | $325K | $355K | +9.2% |
| Mullica Township | $389.9K | $350K | -10.2% |
Housing Supply in Mullica Township, NJ
How many homes are available in Mullica Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Mullica Township real estate market had 32 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Mullica Township 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 increased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mullica Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Mullica Township in October 2024, up by 100.0% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 17 Days | +7.6% |
Summary: Homes in Mullica Township had an average of 17 days on market in Oct 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 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 October 2024, 12 homes were sold in Mullica Township; 83% of homes were sold within 30 days, 17% 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.