Is Paulsboro, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Paulsboro has remained a Seller's Market.
Key Takeaway
Paulsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paulsboro, NJ
How much do homes in Paulsboro, NJ cost?
Median Sold Price
$205,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Paulsboro have sold for 21% more than they did a year ago.
Summary: The median home sold price in Paulsboro was $205,000 in May 2024, up 21% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $59.9K | -45.5% |
| 2 Bedrooms | $160K | $190K | +18.8% |
| 3 Bedrooms | $161K | $205K | +27.3% |
| 4 Bedrooms | $218.2K | $235.9K | +8.1% |
| 5+ Bedrooms | $140K | $163.7K | +17.0% |
Summary: Paulsboro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.5%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| Paulsboro | $169.4K | $205K | +21.0% |
| Thorofare | $262K | $316.2K | +20.7% |
| Clarksboro | $395K | $387K | -2.0% |
Housing Supply in Paulsboro, NJ
How many homes are available in Paulsboro, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The Paulsboro real estate market had 25 homes for sale in May 2024, a 16.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 8 | 3 | -62.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Paulsboro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Paulsboro, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Paulsboro in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Paulsboro, NJ
How long does it take to sell a home in Paulsboro, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 57 Days | +181.0% |
Summary: Homes in Paulsboro had an average of 57 days on market in May 2024, up by 181% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Paulsboro are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Paulsboro; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
