Is Lumberton Township, 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, Lumberton Township has remained a Seller's Market.
Housing Prices in Lumberton Township, NJ
How much do homes in Lumberton Township, NJ cost?
Median Sold Price
$453,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lumberton Township was $453,000 in May 2024, up 46.1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170K | $182.8K | +7.6% |
3 Bedrooms | $290.5K | $324.5K | +11.7% |
4 Bedrooms | $560K | $630K | +12.5% |
5+ Bedrooms | $620K | $750K | +21.0% |
Summary: Lumberton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
Lumberton Township | $310K | $453K | +46.1% |
Lumberton | $310K | $453K | +46.1% |
Mount Holly Township | $350K | $380K | +8.6% |
Hainesport Township | $420K | $440K | +4.8% |
Hainesport | $420K | $440K | +4.8% |
Housing Supply in Lumberton Township, NJ
How many homes are available in Lumberton Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Summary: The Lumberton Township real estate market had 23 homes for sale in May 2024, a 4.2% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 14 | 8 | -42.9% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lumberton Township 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 remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lumberton Township in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Lumberton Township, NJ
How long does it take to sell a home in Lumberton Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 33 Days | -27.3% |
Summary: Homes in Lumberton Township had an average of 33 days on market in May 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Lumberton Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.