$4,988 Closing Credit*
$420,000
1,799 SqFt
3 Beds
•2 Full Baths, 1 Partial
Scott C Kelly, Listing Office: Honest Real Estate
Is Pennsauken Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$302,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+8.2%)
Key Takeaway
Homes in Pennsauken Township have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Pennsauken Township was $302,000 in November 2024, up 8.2% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $214K | $239.5K | +11.9% |
| 3 Bedrooms | $274.9K | $295K | +7.3% |
| 4 Bedrooms | $320K | $356K | +11.3% |
| 5+ Bedrooms | $277.5K | $352K | +26.8% |
Summary: Pennsauken 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 increased by 11.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Cities
| Palmyra | $245K | $280K | +14.3% |
| Pennsauken | $245K | $275K | +12.2% |
| Cinnaminson Township | $370K | $415K | +12.2% |
| Pennsauken Township | $279K | $302K | +8.2% |
| Merchantville | $310K | $325K | +4.8% |
Housing Supply in Pennsauken Township, NJ
How many homes are available in Pennsauken Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 90 | -15.9% |
Summary: The Pennsauken Township real estate market had 90 homes for sale in November 2024, a 15.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 70 | 51 | -27.1% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Pennsauken 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 remained the same, 3 bedroom homes decreased by 27.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 28 | -12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pennsauken Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Pennsauken Township in November 2024, down by 12.5% month-over-month. Of the 28 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 30 Days | +10.9% |
Summary: Homes in Pennsauken Township had an average of 30 days on market in Nov 2024, up by 10.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pennsauken Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in Pennsauken Township; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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.