$1,484 Closing Credit*
$125,000
1,532 SqFt
3 Beds
•1 Full Bath
Karla M Jusko, Listing Office: Exit Realty Defined
Is Port Norris, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Port Norris has remained a Buyer's Market.
Key Takeaway
Port Norris is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Norris, NJ
How much do homes in Port Norris, NJ cost?
Median Sold Price
$140,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+21.7%)
Key Takeaway
Homes in Port Norris have sold for 21.7% more than they did a year ago.
Summary: The median home sold price in Port Norris was $140,000 in October 2024, up 21.7% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $174.5K | N/A |
| 2 Bedrooms | $73K | $169K | +131.5% |
| 3 Bedrooms | $148.5K | $113K | -23.9% |
| 4 Bedrooms | $175K | $220K | +25.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Port Norris 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 131.5%, 3 bedroom homes decreased by 23.9%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Port Norris | $115K | $140K | +21.7% |
| Commercial Township | $174.2K | $170K | -2.4% |
| Downe Township | $197.4K | $172.2K | -12.8% |
Housing Supply in Port Norris, NJ
How many homes are available in Port Norris, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Port Norris real estate market had 17 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Port Norris 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 50%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 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 Port Norris, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Port Norris in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Port Norris, NJ
How long does it take to sell a home in Port Norris, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 2 Days | -96.6% |
Summary: Homes in Port Norris had an average of 2 days on market in Oct 2024, down by 96.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Norris are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Port Norris; 100% of homes were sold within 30 days, 0% 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.