Merchantville, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 67 transactions over the past year in Merchantville. The median value for residential home transactions that occurred over the previous year is $335,858.93. The number of current listings in Merchantville is 5, and the percentage of properties for sale in the city is 5.00%. Merchantville, NJ currently has 20 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 5 properties for sale.
Merchantville, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08109 | $ 270,750 $ 177/sqft |
Housing Market Summary for Merchantville, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $329.9K | $297.2K | -9.93% |
| Median Sold Price | $300K | $297.2K | -0.93% |
| Homes For Sale | 4 | 5 | 25.00% |
| Homes Sold | 25 | 34 | 36.00% |
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 Merchantville, NJ
Browse Homes in Merchantville, NJ
Merchantville home values range from $68,790 to $704,800. The median estimated value of a home in Merchantville is $335,858.93. The median list price of a home is 240,000, and the total count of properties in the city is 1,166.
- Pre-ForeclosurePre-foreclosure homes account for 1.63% of all residential properties in Merchantville, NJ with 08109 containing 129 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Merchantville, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $567,600 in 08109 to the lowest home value of $154,100 in 08109.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Merchantville, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Merchantville, NJ. There is 1 zips within Merchantville, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08109 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Merchantville, NJ. Auction homes and other auction properties account for 0.09% of all properties in Merchantville, NJ. There is 1 zips within Merchantville, NJ; of that zips, the median estimated home value for homes going to auction ranges from $528,300 in 08109 to the lowest value of $236,300 in 08109.
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More Real Estate Resources for Merchantville, NJ
Guide for Merchantville, 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.
