Sicklerville NJ Market Report November 2024
The real estate market in Sicklerville, NJ, experienced steady activity throughout November 2024, reflecting a balanced environment for both buyers and sellers. The market showed signs of resilience, even as interest rates remained elevated, offering insights into the community’s demand and trends.
Key Market Trends in November 2024
Home Prices in Sicklerville
In November 2024, home prices in Sicklerville saw a modest increase. The average home price for single-family homes reached approximately $350,000, reflecting a 12.9% rise from November of 2023. This slight uptick suggests continued interest in the area despite the challenges of a higher-rate mortgage environment.
Inventory Levels and Buyer Activity
Inventory levels remained relatively stable in November, with a slight reduction in homes listed for sale. This limited inventory combined with ongoing buyer demand has contributed to a competitive market, especially for well-maintained properties. Homes in the price range of $250,000–$350,000 were in particularly high demand.
Days on Market (DOM)
Properties in Sicklerville continued to sell at a steady pace, with the average days on market (DOM) remaining at around 22 days. This figure indicates that while buyers are still cautious due to higher mortgage rates, they are actively purchasing homes that are priced appropriately and in good condition.
Trend For Sicklerville NJ
The Sicklerville NJ real estate market in November 2024 remained strong despite higher mortgage rates. With moderate price increases, steady inventory, and reasonable days on market, it’s a great time for both buyers and sellers to engage in the local market.
