Is Carneys Point 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, Carneys Point Township has remained a Seller's Market.
Key Takeaway
Carneys Point Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Carneys Point Township, NJ
How much do homes in Carneys Point Township, NJ cost?
Median Sold Price
$229,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carneys Point Township have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Carneys Point Township was $229,000 in May 2024, up 13.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $228.5K | +236.0% |
| 2 Bedrooms | $115.5K | $180K | +55.8% |
| 3 Bedrooms | $207K | $229.9K | +11.1% |
| 4 Bedrooms | $247.5K | $244.5K | -1.2% |
| 5+ Bedrooms | $334.5K | $328K | -1.9% |
Summary: Carneys Point Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 236%, 2 bedroom homes increased by 55.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Carneys Point Township | $202.5K | $229K | +13.1% |
| Penns Grove | $183.5K | $207K | +12.8% |
Housing Supply in Carneys Point Township, NJ
How many homes are available in Carneys Point Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 42 | +13.5% |
Summary: The Carneys Point Township real estate market had 42 homes for sale in May 2024, a 13.5% 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 | 8 | 10 | +25.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Carneys Point 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 increased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carneys Point Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Carneys Point Township in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Carneys Point Township, NJ
How long does it take to sell a home in Carneys Point Township, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 74 Days | +106.8% |
Summary: Homes in Carneys Point Township had an average of 74 days on market in May 2024, up by 106.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carneys Point Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Carneys Point Township; 56% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
