Salem County, NJ Home Values & Market Trends
The median home price in Salem County, NJ is $248,875.07. There were 1,107 home sales in Salem County, NJ over the past 12 months. The median residential Salem County, NJ home value for transactions over the previous year is $200,000. The number of current listings in Salem County, NJ is 80, and the percentage of properties for sale is 80.00%. The county has 352 foreclosures, 12 bank owned properties, 21 headed for auction, and 80 properties for sale.
Salem County, NJ Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Pennsville | $ 212,600 $ 162/sqft | Alloway | $ 399,900 $ 142/sqft |
Penns Grove | $ 176,900 $ 152/sqft | Pedricktown | $ 396,400 $ 137/sqft |
Salem | $ 188,700 $ 143/sqft | Hancocks Bridge | $ -- $ -- |
Elmer | $ 281,000 $ 163/sqft | Quinton | $ -- $ -- |
Woodstown | $ 320,100 $ 167/sqft | Deepwater | $ -- $ -- |
Monroeville | $ 267,500 $ 154/sqft |
Housing Market Summary for Salem County, NJ
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $219.9K | $239.8K | 9.03% |
Median Sold Price | $181.5K | $239.8K | 32.12% |
Homes For Sale | 84 | 95 | 13.10% |
Homes Sold | 634 | 419 | -33.91% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Salem County, NJ
Browse Homes in Salem County, NJ
Salem County, NJ home values range from $40,030 to $540,000. Woodstown is the priciest city with a median listing home price of $514,500, and Salem is most affordable with average house prices of around $120,000.
- Pre-ForeclosurePre-foreclosure homes account for 1.56% of all residential properties in Salem County, NJ with Pennsville containing 81 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 11 cities within Salem County, NJ; of those cities, the estimated home value for pre-foreclosure homes ranges from $505,900 in Quinton to the lowest home value of $56,320 in Salem.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Salem County, NJ ranges from the highest value of $244,900 in Pennsville to the lowest value of $99,290 in Penns Grove. Bank owned homes and properties account for 0.06% of properties in Salem County, NJ. There are 11 cities within Salem County, NJ; Woodstown containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsPennsville has 7 auction properties, the highest number of properties going to auction in a single city in the state of Salem County, NJ. Auction homes and other auction properties account for 0.10% of all properties in Salem County, NJ. There are 11 cities within Salem County, NJ; of those cities, the median estimated home value for homes going to auction ranges from $330,900 in Woodstown to the lowest value of $102,900 in Woodstown.
Compare Nearby Cities
More Real Estate Resources for Salem County, NJ
Guide for Salem County, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.