Is Lindenwold, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lindenwold was a Neutral Market.
Key Takeaway
Lindenwold is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lindenwold, NJ
How much do homes in Lindenwold, NJ cost?
Median Sold Price
$235,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lindenwold have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Lindenwold was $235,000 in May 2024, up 4.4% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $102.2K | N/A |
| 2 Bedrooms | $162.5K | $185K | +13.8% |
| 3 Bedrooms | $237K | $240K | +1.3% |
| 4 Bedrooms | $257.5K | $285K | +10.7% |
| 5+ Bedrooms | $272.5K | $325K | +19.3% |
Summary: Lindenwold housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Lindenwold | $225K | $235K | +4.4% |
| Clementon | $230K | $233.5K | +1.5% |
Housing Supply in Lindenwold, NJ
How many homes are available in Lindenwold, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Lindenwold real estate market had 50 homes for sale in May 2024, a 6.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 25 | 19 | -24.0% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lindenwold housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 24%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lindenwold, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Lindenwold in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for Lindenwold, NJ
How long does it take to sell a home in Lindenwold, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 17 Days | -9.6% |
Summary: Homes in Lindenwold had an average of 17 days on market in May 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lindenwold are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Lindenwold; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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