Is Collingswood, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Collingswood has remained a Seller's Market.
Key Takeaway
Collingswood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Collingswood, NJ
How much do homes in Collingswood, NJ cost?
Median Sold Price
$375,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Collingswood have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Collingswood was $375,000 in May 2024, up 8.9% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $134K | +11.7% |
| 2 Bedrooms | $280.9K | $335K | +19.2% |
| 3 Bedrooms | $344.2K | $338K | -1.8% |
| 4 Bedrooms | $490K | $511K | +4.3% |
| 5+ Bedrooms | $445K | $440K | -1.1% |
Summary: Collingswood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 19.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Woodlynne | $150.7K | $185K | +22.7% |
| Camden | $99.9K | $121.5K | +21.6% |
| Oaklyn | $250K | $300K | +20.0% |
| Haddon Township | $392.5K | $427.9K | +9.0% |
| Collingswood | $344.2K | $375K | +8.9% |
Housing Supply in Collingswood, NJ
How many homes are available in Collingswood, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 49 | +36.1% |
Summary: The Collingswood real estate market had 49 homes for sale in May 2024, a 36.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 8 | 18 | +125.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Collingswood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Collingswood, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Collingswood in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Collingswood, NJ
How long does it take to sell a home in Collingswood, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 31 Days | +289.0% |
Summary: Homes in Collingswood had an average of 31 days on market in May 2024, up by 289% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Collingswood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Collingswood; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
