$2,969 Closing Credit*
$250,000
1,508 SqFt
3 Beds
•2 Full Baths
Scott Kompa, Listing Office: EXP Realty, LLC
Is Pennsville, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Pennsville was a Seller's Market.
Key Takeaway
Pennsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 October 2023
+$7,000(+2.8%)
Key Takeaway
Homes in Pennsville have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Pennsville was $255,000 in October 2024, up 2.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $149.7K | N/A |
| 2 Bedrooms | $175K | $210K | +20.0% |
| 3 Bedrooms | $250K | $257K | +2.8% |
| 4 Bedrooms | $275K | $301K | +9.5% |
| 5+ Bedrooms | $247.4K | $260K | +5.1% |
Summary: Pennsville 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 20%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Carneys Point Township | $215K | $225K | +4.7% |
| Pennsville Township | $247K | $255K | +3.2% |
| Pennsville | $248K | $255K | +2.8% |
Housing Supply in Pennsville, NJ
How many homes are available in Pennsville, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 65 | -7.1% |
Summary: The Pennsville real estate market had 65 homes for sale in October 2024, a 7.1% decrease 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 | 14 | 8 | -42.9% |
| 3 Bedrooms | 34 | 30 | -11.8% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Pennsville 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 42.9%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 7 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pennsville, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Pennsville in October 2024, down by 66.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +22.1% |
Summary: Homes in Pennsville had an average of 28 days on market in Oct 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pennsville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Pennsville; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.