Is Scullville, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scullville is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Scullville has remained a Seller's Market.

Key Takeaway

Scullville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Scullville, NJ

How much do homes in Scullville, NJ cost?

Median Sold Price

$368,750

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$164,240(-30.8%)

Key Takeaway

Homes in Scullville have sold for 30.8% less than they did a year ago.

Summary: The median home sold price in Scullville was $368,750 in November 2024, down 30.8% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$120K
N/A
2 $322.9K$225K
-30.3%
3 $520.6K$342.5K
-34.2%
4 $581.5K$480K
-17.5%
5+ $519.1K$627.5K
+20.9%

Summary: Scullville 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 30.3%, 3 bedroom homes decreased by 34.2%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 20.9%.

Median Sold Price Compared To Nearby Neighborhoods

Cardiff
+16.8%
Bargaintown
+12.7%
Scullville
-30.8%

Housing Supply in Scullville, NJ

How many homes are available in Scullville, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4941-16.3%

Summary: The Scullville real estate market had 41 homes for sale in November 2024, a 16.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 30
-100.0%
3 2722
-18.5%
4 1715
-11.8%
5+ 24
+100.0%

Summary: The Scullville 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 decreased by 100%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scullville, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in Scullville in November 2024, up by 13.3% month-over-month. Of the 14 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.

Days on Market for Scullville, NJ

How long does it take to sell a home in Scullville, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days24 Days-59.2%

Summary: Homes in Scullville had an average of 24 days on market in Nov 2024, down by 59.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Scullville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in Scullville; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Scullville, NJ

Nearby Markets to Scullville, NJ