Is Brooklawn, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brooklawn has remained a Seller's Market.
Key Takeaway
Brooklawn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brooklawn, NJ
How much do homes in Brooklawn, NJ cost?
Median Sold Price
$210,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brooklawn have sold for 20.2% more than they did a year ago.
Summary: The median home sold price in Brooklawn was $210,500 in April 2024, up 20.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $141.9K | N/A |
| 2 Bedrooms | $150K | $183K | +22.0% |
| 3 Bedrooms | $210K | $235K | +11.9% |
| 4 Bedrooms | $273.5K | $276K | +0.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Brooklawn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Westville | $197.5K | $244K | +23.5% |
| Brooklawn | $175.1K | $210.5K | +20.2% |
| Mount Ephraim | $245K | $287K | +17.1% |
| Gloucester City | $185K | $203K | +9.7% |
| Bellmawr | $256.5K | $278.4K | +8.6% |
Housing Supply in Brooklawn, NJ
How many homes are available in Brooklawn, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Brooklawn real estate market had 12 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brooklawn housing inventory by bedroom type for April 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 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 Brooklawn, 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 Brooklawn in April 2024, up by 50.0% 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 Brooklawn, NJ
How long does it take to sell a home in Brooklawn, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 10 Days | +53.8% |
Summary: Homes in Brooklawn had an average of 10 days on market in Apr 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
3 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 Brooklawn are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Brooklawn; 100% 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.
