Is Titusville, 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, Titusville has remained a Seller's Market.
Key Takeaway
Titusville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Titusville, NJ
How much do homes in Titusville, NJ cost?
Median Sold Price
$530,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Titusville have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Titusville was $530,000 in May 2024, down 4.5% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $517.5K | N/A |
| 2 Bedrooms | $397K | $365.5K | -7.9% |
| 3 Bedrooms | $380K | $490.3K | +29.0% |
| 4 Bedrooms | $646.1K | $653K | +1.1% |
| 5+ Bedrooms | $940K | $800K | -14.9% |
Summary: Titusville 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 decreased by 7.9%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Ewing Township | $305K | $340K | +11.5% |
| Hopewell Township | $565K | $620K | +9.7% |
| Upper Makefield Township | $950K | $952.5K | 0.3% |
| Titusville | $555K | $530K | -4.5% |
Housing Supply in Titusville, NJ
How many homes are available in Titusville, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Titusville real estate market had 15 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Titusville 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 remained the same, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Titusville, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Titusville in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Titusville, NJ
How long does it take to sell a home in Titusville, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 17 Days | +5.2% |
Summary: Homes in Titusville had an average of 17 days on market in May 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Titusville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Titusville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
