Home Prices in Blackwood NJ 08012
Real estate market data for Blackwood NJ | Dave Sulvetta of REMAX Connection
Blackwood Home Prices
As of October 2019 the average SOLD price is up 22.5% from last year and the Median SOLD price is up 20.1% and due to some incentory shortage. It is also important to note, the average price per sq ft is up 2% to $102.00 and we don’t expect things to slow down anytime soon.
As of October 2019, the months supply of inventory is 3 months when the average months supply over the last 5 years is 5.3 months.
If you are considering buying a home you can still find deals on a house in Blackwood but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Blackwood home on which you are making an offer.
If you are interested in how much current inventory is on the market in Blackwood you can find that information by clicking on the link. Low inventory will cause home prices to rise, bidding wars and of course buyer frustration. Currently in Blackwood, homes have a average time of 90 days on the market before they sell. Sellers should make sure to price their home at market value if they expect to get an offer from interested buyers. Low inventory in Blackwood has multiple offers coming in on homes similar to what we saw back in 2007. Low inventory is one indicator that prices may continue to rise.
Find Homes for Sale in Blackwood NJ
Visit my website to search for homes in Blackwood or to be notified when Blackwood homes come on the market.
To find out what you home is worth in the current market email me Dave@DaveSulvetta.com or call 8568898163.