Home Sales Decline in Penns Grove Real Estate Market

While home sales in the Penns Grove market have been above average, in this week's report they slid 16.7% to five homes sold over the last 30 days. In comparison, nearby Wilmington had 68 sales in the same time frame, the most of all neighboring cities. A months of inventory number of seven reported this week continued an eight-week downward trend. Penns Grove is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.

If you're looking for a home with plenty of bathrooms, then be sure to go see these listings with the most bathrooms in Penns Grove:

$172K   $250K   $249K  

Get started right now by checking out Penns Grove homes for sale or reviewing Penns Grove real estate trends.

Demographic facts for Penns Grove:

  • This area has a median house value of $82,800.
  • The area gets an average of 111 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 10.4%.
  • The students per teacher ratio in this area is 13.4:1. (15.3:1 = national average)

Data reported through 10/19/2016

Comments:

Ask a local expert about this area:
Keller Williams
Snapped 2 homes in this area

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