Is Pemberton Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pemberton Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Pemberton Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Pemberton Township, NJ

How much do homes in Pemberton Township, NJ cost?

Median Sold Price

$315,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+10.5%)

Key Takeaway

Homes in Pemberton Township have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Pemberton Township was $315,000 in November 2024, up 10.5% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $40K$149K
+272.5%
2 $150K$200K
+33.3%
3 $280K$308K
+10.0%
4 $327.7K$350K
+6.8%
5+ $304.3K$370K
+21.6%

Summary: Pemberton Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 272.5%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 21.6%.

Median Sold Price Compared To Nearby Cities

Pemberton Township
+10.5%
Pemberton
+7.0%
Wrightstown
+5.4%

Housing Supply in Pemberton Township, NJ

How many homes are available in Pemberton Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
128119-7.0%

Summary: The Pemberton Township real estate market had 119 homes for sale in November 2024, a 7.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1214
+16.7%
3 6860
-11.8%
4 4138
-7.3%
5+ 66
0.0%

Summary: The Pemberton Township 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 increased by 16.7%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3220-37.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pemberton Township, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Pemberton Township in November 2024, down by 37.5% month-over-month. Of the 20 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% were sold over asking.

Days on Market for Pemberton Township, NJ

How long does it take to sell a home in Pemberton Township, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days39 Days+1.6%

Summary: Homes in Pemberton Township had an average of 39 days on market in Nov 2024, up by 1.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pemberton Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in Pemberton Township; 50% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

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 Pemberton Township, NJ

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