$8,311 Closing Credit*
$699,900
2,822 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michaela L Hartery, Listing Office: Hometown Real Estate Group
Is Pittsgrove Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Pittsgrove Township was a Seller's Market.
Key Takeaway
Pittsgrove Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pittsgrove Township, NJ
How much do homes in Pittsgrove Township, NJ cost?
Median Sold Price
$360,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+9.1%)
Key Takeaway
Homes in Pittsgrove Township have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Pittsgrove Township was $360,000 in November 2024, up 9.1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $118.7K | -46.0% |
| 3 Bedrooms | $284.7K | $345.9K | +21.5% |
| 4 Bedrooms | $380K | $415K | +9.2% |
| 5+ Bedrooms | $637K | - | N/A |
Summary: Pittsgrove 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 decreased by 46%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elmer | $286.2K | $347K | +21.2% |
| Franklin Township | $300K | $349.9K | +16.7% |
| Pittsgrove Township | $330K | $360K | +9.1% |
| Vineland | $265K | $281.7K | +6.3% |
Housing Supply in Pittsgrove Township, NJ
How many homes are available in Pittsgrove Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Pittsgrove Township real estate market had 24 homes for sale in November 2024, a 14.3% increase 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Pittsgrove 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pittsgrove Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Pittsgrove Township in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Pittsgrove Township, NJ
How long does it take to sell a home in Pittsgrove Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 61 Days | +52.0% |
Summary: Homes in Pittsgrove Township had an average of 61 days on market in Nov 2024, up by 52% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Pittsgrove Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Pittsgrove Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
