$2,850 Closing Credit*
$240,000
1,040 SqFt
3 Beds
•1 Full Bath
Jessica M Mortimer, Listing Office: Weichert Realtors-Mullica Hill
Is Pennsville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Pennsville has remained a Seller's Market.
Key Takeaway
Pennsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pennsville, NJ
How much do homes in Pennsville, NJ cost?
Median Sold Price
$255,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$17,500(+7.4%)
Key Takeaway
Homes in Pennsville have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Pennsville was $255,000 in September 2024, up 7.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $149.7K | N/A |
| 2 Bedrooms | $168K | $209.9K | +25.0% |
| 3 Bedrooms | $245K | $257K | +4.9% |
| 4 Bedrooms | $270K | $301.5K | +11.7% |
| 5+ Bedrooms | $277.4K | $255K | -8.1% |
Summary: Pennsville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Pennsville Township | $235K | $255K | +8.5% |
| Pennsville | $237.5K | $255K | +7.4% |
| Carneys Point Township | $215K | $225K | +4.7% |
Housing Supply in Pennsville, NJ
How many homes are available in Pennsville, NJ?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 70 | 67 | -4.3% |
Summary: The Pennsville real estate market had 67 homes for sale in September 2024, a 4.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Pennsville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
4 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 Pennsville, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Pennsville in September 2024, the same as the previous month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Pennsville, NJ
How long does it take to sell a home in Pennsville, NJ?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 45 Days | 30 Days | -32.6% |
Summary: Homes in Pennsville had an average of 30 days on market in Sep 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pennsville are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 16 homes were sold in Pennsville; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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. 
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.