$9,963 Closing Credit*
$839,000
2,490 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jeffrey Weber, Listing Office: RE/MAX Tri County
Is Skillman, 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, Skillman was a Seller's Market.
Key Takeaway
Skillman is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Skillman, NJ
How much do homes in Skillman, NJ cost?
Median Sold Price
$996,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,000(+2.7%)
Key Takeaway
Homes in Skillman have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Skillman was $996,000 in November 2024, up 2.7% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $625K | $520K | -16.8% |
| 3 Bedrooms | $617K | $772K | +25.1% |
| 4 Bedrooms | $1.0M | $1.0M | +1.7% |
| 5+ Bedrooms | $1.1M | $1.5M | +34.2% |
Summary: Skillman 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 16.8%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 34.2%.
Median Sold Price Compared To Nearby Cities
| Princeton Township | $774.5K | $851.9K | +10.0% |
| Belle Mead | $882K | $928K | +5.2% |
| Montgomery Township | $835K | $875K | +4.8% |
| Skillman | $970K | $996K | +2.7% |
Housing Supply in Skillman, NJ
How many homes are available in Skillman, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Summary: The Skillman real estate market had 29 homes for sale in November 2024, a 9.4% decrease 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Skillman 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 50%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Skillman, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Skillman in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Skillman, NJ
How long does it take to sell a home in Skillman, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 10 Days | +31.3% |
Summary: Homes in Skillman had an average of 10 days on market in Nov 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Skillman are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Skillman; 67% 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.
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