Salem County, NJ Home Values & Market Trends
The median home price in Salem County, NJ is $248,864.82. 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 83, and the percentage of properties for sale is 83.00%. The county has 359 foreclosures, 11 bank owned properties, 20 headed for auction, and 83 properties for sale.
Salem County, NJ Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Pennsville | $ 216,500 $ 152/sqft | Alloway | $ 360,150 $ 156/sqft |
| Penns Grove | $ 176,900 $ 152/sqft | Pedricktown | $ 396,400 $ 137/sqft |
| Salem | $ 199,750 $ 144/sqft | Hancocks Bridge | $ -- $ -- |
| Elmer | $ 281,000 $ 163/sqft | Quinton | $ -- $ -- |
| Woodstown | $ 344,850 $ 161/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 $488,000, and Salem is most affordable with average house prices of around $170,000.
- Pre-ForeclosurePre-foreclosure homes account for 1.61% of all residential properties in Salem County, NJ with Pennsville containing 85 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 0.05% 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 6 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.
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More Real Estate Resources for Salem County, NJ
Guide for Salem County, NJ
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