Is Pennsauken, 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, Pennsauken has remained a Seller's Market.
Housing Prices in Pennsauken, NJ
How much do homes in Pennsauken, NJ cost?
Median Sold Price
$260,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pennsauken was $260,000 in May 2024, up 11.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $230K | N/A |
2 Bedrooms | $180K | $207K | +15.0% |
3 Bedrooms | $235K | $254.5K | +8.3% |
4 Bedrooms | $252K | $306K | +21.4% |
5+ Bedrooms | $275K | $352K | +28.0% |
Summary: Pennsauken 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 15%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Cities
Camden | $99.9K | $121.5K | +21.6% |
Pennsauken | $232.5K | $260K | +11.8% |
Pennsauken Township | $261.6K | $285K | +8.9% |
Cinnaminson Township | $360K | $390K | +8.3% |
Palmyra | $250K | $261K | +4.4% |
Housing Supply in Pennsauken, NJ
How many homes are available in Pennsauken, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 54 | +17.4% |
Summary: The Pennsauken real estate market had 54 homes for sale in May 2024, a 17.4% increase 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 | 1 | 0 | -100.0% |
3 Bedrooms | 30 | 39 | +30.0% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Pennsauken 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 decreased by 100%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Pennsauken in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Pennsauken, NJ
How long does it take to sell a home in Pennsauken, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 21 Days | -42.0% |
Summary: Homes in Pennsauken had an average of 21 days on market in May 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Pennsauken; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.