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 4 Days Ago

Newest Listings in Scullville, NJ

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