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 October 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

$367,500

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$159,500(-30.3%)

Key Takeaway

Homes in Scullville have sold for 30.3% less than they did a year ago.

Summary: The median home sold price in Scullville was $367,500 in October 2024, down 30.3% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $84.9K$120K
+41.3%
2 $489.8K$225K
-54.1%
3 $490K$341.5K
-30.3%
4 $575K$435K
-24.3%
5+ $519.1K$627.5K
+20.9%

Summary: Scullville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes decreased by 54.1%, 3 bedroom homes decreased by 30.3%, 4 bedroom homes decreased by 24.3%, and 5+ bedroom homes increased by 20.9%.

Median Sold Price Compared To Nearby Neighborhoods

Cardiff
+15.4%
Bargaintown
+14.5%
Scullville
-30.3%

Housing Supply in Scullville, NJ

How many homes are available in Scullville, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4751+8.5%

Summary: The Scullville real estate market had 51 homes for sale in October 2024, a 8.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2527
+8.0%
4 1618
+12.5%
5+ 33
0.0%

Summary: The Scullville 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 remained the same, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
715+114.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scullville, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Scullville in October 2024, up by 114.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
38 Days29 Days-23.2%

Summary: Homes in Scullville had an average of 29 days on market in Oct 2024, down by 23.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 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 October 2024, 15 homes were sold in Scullville; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Scullville, NJ

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