Penns Grove, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 243 transactions over the past year in Penns Grove. The median value for residential home transactions that occurred over the previous year is $241,320. The number of current listings in Penns Grove is 270, and the percentage of properties for sale in the city is 270.00%. Penns Grove, NJ currently has 82 properties in foreclosure, 3 bank owned properties, 7 properties headed for auction, and 270 properties for sale.
Penns Grove, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08069 | $ 241,320 $ 188/sqft |
Housing Market Summary for Penns Grove, NJ
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $222.5K | $225K | 1.12% |
| Median Sold Price | $200.9K | $197.1K | -1.89% |
| Homes For Sale | 183 | 267 | 45.90% |
| Homes Sold | 70 | 52 | -25.71% |
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 Penns Grove, NJ
Browse Homes in Penns Grove, NJ
Penns Grove home values range from $53,645 to $574,344. The median estimated value of a home in Penns Grove is $241,320. The median list price of a home is 225,000, and the total count of properties in the city is 485.
- Pre-ForeclosurePre-foreclosure homes account for 14.85% of all residential properties in Penns Grove, NJ with 08069 containing 72 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Penns Grove, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $574,344 in 08069 to the lowest home value of $53,645 in 08069.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Penns Grove, NJ ranges from the highest value of $300,000 in 08069 to the lowest value of $130,000 in 08069. Bank owned homes and properties account for 0.62% of properties in Penns Grove, NJ. There is 1 zips within Penns Grove, NJ; 08069 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08069 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Penns Grove, NJ. Auction homes and other auction properties account for 1.44% of all properties in Penns Grove, NJ. There is 1 zips within Penns Grove, NJ; of that zips, the median estimated home value for homes going to auction ranges from $546,925 in 08069 to the lowest value of $190,585 in 08069.
Compare Nearby Cities
More Real Estate Resources for Penns Grove, NJ
Guide for Penns Grove, NJ
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
