Is Cumberland County, 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, Cumberland County has remained a Seller's Market.
Key Takeaway
Cumberland County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumberland County, NJ
How much do homes in Cumberland County, NJ cost?
Median Sold Price
$240,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cumberland County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Cumberland County was $240,000 in April 2024, up 6.8% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $167K | +23.7% |
| 2 Bedrooms | $162.4K | $190K | +17.0% |
| 3 Bedrooms | $230K | $245K | +6.5% |
| 4 Bedrooms | $287.4K | $322.4K | +12.2% |
| 5+ Bedrooms | $290K | $280K | -3.4% |
Summary: Cumberland County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Salem County | $225K | $252K | +12.0% |
| Atlantic County | $304.6K | $339.8K | +11.6% |
| Gloucester County | $290.6K | $318.1K | +9.5% |
| Cumberland County | $224.6K | $240K | +6.8% |
| Cape May County | $737.3K | $749.9K | +1.7% |
Housing Supply in Cumberland County, NJ
How many homes are available in Cumberland County, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 465 | 477 | +2.6% |
Summary: The Cumberland County real estate market had 477 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 77 | 71 | -7.8% |
| 3 Bedrooms | 277 | 273 | -1.4% |
| 4 Bedrooms | 75 | 101 | +34.7% |
| 5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The Cumberland County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 92 | -4.2% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumberland County, you could pay more than the asking price. 39.3% of homes here sold above asking price last month.
Summary: A total of 92 homes were sold or pending in Cumberland County in April 2024, down by 4.2% month-over-month. Of the 89 sold homes, 38% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for Cumberland County, NJ
How long does it take to sell a home in Cumberland County, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 40 Days | -31.3% |
Summary: Homes in Cumberland County had an average of 40 days on market in Apr 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumberland County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 92 homes were sold in Cumberland County; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.