$4,026 Closing Credit*
$339,000
1,308 SqFt
4 Beds
•2 Full Baths
AmarPal Kalsi, Listing Office: HomeSmart First Advantage Realty
Is Pennsauken 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, Pennsauken Township has remained a Seller's Market.
Key Takeaway
Pennsauken Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pennsauken Township, NJ
How much do homes in Pennsauken Township, NJ cost?
Median Sold Price
$300,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+9.1%)
Key Takeaway
Homes in Pennsauken Township have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Pennsauken Township was $300,000 in October 2024, up 9.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $214K | $234K | +9.3% |
| 3 Bedrooms | $271K | $292K | +7.7% |
| 4 Bedrooms | $320K | $350K | +9.4% |
| 5+ Bedrooms | $270K | $380K | +40.7% |
Summary: Pennsauken 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 increased by 9.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 40.7%.
Median Sold Price Compared To Nearby Cities
| Palmyra | $242.2K | $282.5K | +16.6% |
| Cinnaminson Township | $365K | $415K | +13.7% |
| Pennsauken | $244.9K | $274.5K | +12.1% |
| Pennsauken Township | $275K | $300K | +9.1% |
| Merchantville | $310K | $322.4K | +4.0% |
Housing Supply in Pennsauken Township, NJ
How many homes are available in Pennsauken Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 114 | +1.8% |
Summary: The Pennsauken Township real estate market had 114 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 69 | 76 | +10.1% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Pennsauken 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 decreased by 33.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pennsauken Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Pennsauken Township in October 2024, up by 20.0% month-over-month. Of the 30 sold homes, 23% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for Pennsauken Township, NJ
How long does it take to sell a home in Pennsauken Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 23 Days | -32.4% |
Summary: Homes in Pennsauken Township had an average of 23 days on market in Oct 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pennsauken Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in Pennsauken Township; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% 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.