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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wenonah is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Wenonah, NJ

How much do homes in Wenonah, NJ cost?

Median Sold Price

$330,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$500(-0.2%)

Key Takeaway

The sold price of homes in Wenonah has remained the same since last year.

Summary: The median home sold price in Wenonah was $330,000 in December 2024, down 0.2% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$145K
N/A
2 $272.6K$240K
-12.0%
3 $317K$325.5K
+2.7%
4 $355.5K$360.9K
+1.5%
5+ $392.4K$515K
+31.2%

Summary: Wenonah housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 31.2%.

Median Sold Price Compared To Nearby Cities

Mantua Township
+11.2%
Mantua
+7.4%
Deptford Township
+5.9%
Sewell
+2.8%
Wenonah
-0.2%

Housing Supply in Wenonah, NJ

How many homes are available in Wenonah, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3729-21.6%

Summary: The Wenonah real estate market had 29 homes for sale in December 2024, a 21.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2210
-54.5%
4 1114
+27.3%
5+ 22
0.0%

Summary: The Wenonah housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 54.5%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wenonah, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Wenonah in December 2024, up by 10.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.

Days on Market for Wenonah, NJ

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

Average Sale Time

Dec 2023Dec 2024CHANGE
18 Days42 Days+131.7%

Summary: Homes in Wenonah had an average of 42 days on market in Dec 2024, up by 131.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 11 homes were sold in Wenonah; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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

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