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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vineland is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Vineland, NJ

How much do homes in Vineland, NJ cost?

Median Sold Price

$281,733

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$16,733(+6.3%)

Key Takeaway

Homes in Vineland have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Vineland was $281,733 in November 2024, up 6.3% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150.5K$180K
+19.6%
2 $199K$213.5K
+7.3%
3 $261.7K$285.1K
+9.0%
4 $369.9K$380K
+2.7%
5+ $382K$309K
-19.1%

Summary: Vineland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 19.1%.

Median Sold Price Compared To Nearby Cities

Buena
+16.5%
Pittsgrove Township
+9.1%
Vineland
+6.3%
Newfield
+6.2%

Housing Supply in Vineland, NJ

How many homes are available in Vineland, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
202192-5.0%

Summary: The Vineland real estate market had 192 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 2727
0.0%
3 107101
-5.6%
4 5652
-7.1%
5+ 1011
+10.0%

Summary: The Vineland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4146+12.2%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vineland, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Vineland in November 2024, up by 12.2% month-over-month. Of the 46 sold homes, 46% were sold under asking, 13% were sold at asking, and 41% were sold over asking.

Days on Market for Vineland, NJ

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days40 Days-4.5%

Summary: Homes in Vineland had an average of 40 days on market in Nov 2024, down by 4.5% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 46 homes were sold in Vineland; 48% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 9% 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 17 Days Ago

Newest Listings in Vineland, NJ

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