$250K  
Penns Grove has a cost of living adjustment score of 95.9, which is much less expensive when compared to others in New Jersey. Also, the area is considered much less affluent than average with a median income of $35,108 per household. Homes in Penns Grove are older than most with a median age of 57 years. Topping the list of best schools in the city is Mary S Shoemaker.
Comments:

$250K  
The Penns Grove market broke below its 12-month average sales volume this week as sales dropped 25.0% to hit three homes sold over the last 30 days. Within the same time frame, Wilmington had 69 sales, the most of all cities in the area. Prices are falling in Penns Grove, and this period the median price of all sales fell from $58,750 to $20,000. With decreasing sales and the availability of 12 months of inventory, Penns Grove is a strong buyer's market.
Comments:

$250K  
More sellers put their homes up for sale in the Penns Grove market over the last 30 days and the number of new listings rose this week to four. Home sales remained unchanged from the prior period and once again four homes were sold. Prices are falling in Penns Grove, and this period the median price of all sales fell from $67,250 to $58,750. Penns Grove is a definite buyer's market, thanks to a big eight months of inventory to choose from and the flat sales.
Comments:

$169K  
Over the last 30 days, the Penns Grove market had a lift in home sales with three. But as sales edged up, the number of pending transactions continued to decline, with a total of two contracts during the same period. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. The median sales price rose dramatically to $97,500 over the latest reporting period for Penns Grove, up from $73,500. Penns Grove is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of 12 months of remaining inventory.
Comments:

$119K  
Sales numbers in the Penns Grove market remain the same with two homes sold over the last 30 days and the market still shows an established trend downward overall. The median sales price of all transactions in Penns Grove did not budge this week, remaining at $73,500. Penns Grove is a strong buyer's market with 18 months of inventory to choose from, aided by the downturn in sales.
Comments:

$250K  
Home sales in the Penns Grove market remained soft in this week's report as they fell 33.3% to two homes sold over the last 30 days. On the other hand, close-by Wilmington registered 71 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices went up in Penns Grove, with the median for this period rising from $28,000 to $73,500. Penns Grove is a solid buyer's market, due to a big 18 months of inventory left and aided by the dip in sales.
Comments:

$250K  
With 5,147 residents, Penns Grove is an average-sized city in New Jersey. Also, with 5,656.0 people per square mile, it has a higher than average density in comparison to other parts of the state. Penns Grove is an area where most people lease the homes they live in, with a renting ratio of 55.1%. The top school in the city is Mary S Shoemaker.
Comments:

$172K  
The number of homes coming into the Penns Grove market fell to eight listings over the last 30 days, while sales remained right where they were as once again three homes were sold over the same period. A months of inventory number of 13 reported this week continued a four-week upward trend. Along with the slip in sales, the higher-than-normal inventory indicates that Penns Grove is a definite buyer's market.
Comments:

$125K  
A three-week rough patch for the overall sales trend continues in the Penns Grove market, with number of sales staying even at three over the last 30 days. The median sales price of all transactions in Penns Grove did not budge this week, remaining at $28,000. Penns Grove is a definite buyer's market, due to a downward trend in sales numbers and 13 months of inventory remaining.
Comments:

$250K  
The Penns Grove market slowed with a 25.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 3.3 monthly average with three homes sold. Meanwhile, close-by Wilmington reported 63 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Penns Grove, and for this period the median sales price slid from $37,500 to $28,000. With decreasing sales and the availability of 12 months of inventory, Penns Grove is a definite buyer's market.
Comments:
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Keller Williams
Snapped 2 homes in this area

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