$2,908 Closing Credit*
$244,900
700 SqFt
2 Beds
•1 Full Bath
Maryann Fallows, Listing Office: Liberty
Is Pennsauken, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Pennsauken has remained a Seller's Market.
Key Takeaway
Pennsauken is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pennsauken, NJ
How much do homes in Pennsauken, NJ cost?
Median Sold Price
$275,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$21,500(+8.5%)
Key Takeaway
Homes in Pennsauken have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Pennsauken was $275,000 in December 2024, up 8.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $211.5K | $225K | +6.4% |
| 3 Bedrooms | $244.9K | $275K | +12.3% |
| 4 Bedrooms | $303K | $305K | +0.7% |
| 5+ Bedrooms | $285K | $352K | +23.5% |
Summary: Pennsauken housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
| Camden | $115K | $140K | +21.7% |
| Palmyra | $243.7K | $285K | +16.9% |
| Cinnaminson Township | $375K | $425K | +13.3% |
| Pennsauken Township | $280K | $310K | +10.7% |
| Pennsauken | $253.5K | $275K | +8.5% |
Housing Supply in Pennsauken, NJ
How many homes are available in Pennsauken, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 50 | 48 | -4.0% |
Summary: The Pennsauken real estate market had 48 homes for sale in December 2024, a 4.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 32 | 34 | +6.3% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Pennsauken housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pennsauken, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Pennsauken in December 2024, up by 30.8% month-over-month. Of the 17 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.
Days on Market for Pennsauken, NJ
How long does it take to sell a home in Pennsauken, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 40 Days | +38.5% |
Summary: Homes in Pennsauken had an average of 40 days on market in Dec 2024, up by 38.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pennsauken are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 17 homes were sold in Pennsauken; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.