Salem County, NJ Home Values & Market Trends
The median home price in Salem County, NJ is $256,086.35. There were 1,111 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 $199,900. The number of current listings in Salem County, NJ is 95, and the percentage of properties for sale is 95.00%. The county has 363 foreclosures, 12 bank owned properties, 16 headed for auction, and 95 properties for sale.
Salem County, NJ Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Salem | $ 160,900 $ 136/sqft | Pedricktown | $ 225,910 $ 82/sqft |
Penns Grove | $ 158,800 $ 128/sqft | Alloway | $ 394,700 $ 140/sqft |
Pennsville | $ 232,300 $ 156/sqft | Hancocks Bridge | $ -- $ -- |
Elmer | $ 259,000 $ 159/sqft | Quinton | $ -- $ -- |
Monroeville | $ 382,000 $ 196/sqft | Deepwater | $ -- $ -- |
Woodstown | $ 389,700 $ 199/sqft |
Housing Market Summary for Salem County, NJ
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $240K | $239K | -0.42% |
Median Sold Price | $181K | $239K | 32.04% |
Homes For Sale | 65 | 74 | 13.85% |
Homes Sold | 681 | 548 | -19.53% |
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
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Browse Homes in Salem County, NJ
Salem County, NJ home values range from $40,100 to $538,000. Woodstown is the priciest city with a median listing home price of $489,000, and Salem is most affordable with average house prices of around $119,950.
- Pre-ForeclosurePre-foreclosure homes account for 1.65% of all residential properties in Salem County, NJ with Pennsville containing 90 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 $520,900 in Quinton to the lowest home value of $82,320 in Salem.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Salem County, NJ ranges from the highest value of $284,100 in Pennsville to the lowest value of $101,000 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 4 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 0.08% 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 $244,100 in Monroeville to the lowest value of $89,350 in Monroeville.
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Guide for Salem County, NJ
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