$4,928 Closing Credit*
$415,000
1,334 SqFt
3 Beds
•2 Full Baths
Breanna Junious, Listing Office: Keller Williams - Main Street
Is Pitman, 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, Pitman has remained a Seller's Market.
Key Takeaway
Pitman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pitman, NJ
How much do homes in Pitman, NJ cost?
Median Sold Price
$337,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$30,500(+9.9%)
Key Takeaway
Homes in Pitman have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Pitman was $337,500 in December 2024, up 9.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $172K | N/A |
| 2 Bedrooms | $225K | $229K | +1.8% |
| 3 Bedrooms | $320K | $335K | +4.7% |
| 4 Bedrooms | $353.6K | $390K | +10.3% |
| 5+ Bedrooms | $400K | $549.9K | +37.5% |
Summary: Pitman 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 1.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 37.5%.
Median Sold Price Compared To Nearby Cities
| Glassboro | $325K | $384.9K | +18.5% |
| Mantua Township | $285K | $317K | +11.2% |
| Pitman | $307K | $337.5K | +9.9% |
| Washington Township | $354.1K | $379.4K | +7.1% |
| Sewell | $360K | $370.2K | +2.8% |
Housing Supply in Pitman, NJ
How many homes are available in Pitman, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 35 | 28 | -20.0% |
Summary: The Pitman real estate market had 28 homes for sale in December 2024, a 20.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Pitman 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pitman, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Pitman in December 2024, up by 18.2% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Pitman, NJ
How long does it take to sell a home in Pitman, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +54.6% |
Summary: Homes in Pitman had an average of 30 days on market in Dec 2024, up by 54.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pitman are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 13 homes were sold in Pitman; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
