$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:

$125K  
Sales in the Penns Grove market rose to four homes sold over the last 30 days, while the number of sellers reducing their list prices reached nine, which continues an emerging upward trend in price reductions. The median sales price dropped to $37,500, down from last week's $47,000. Despite the uptick in sales, there are still nine months of inventory left to work through, meaning Penns Grove is still a definite buyer's market.
Comments:

$280K  
In this week's report, the number of homes sold in the Penns Grove market slid to three over the past 30 days. It marked a decrease of 25.0% from last week's report and a fall below the monthly average. Meanwhile, close-by Wilmington reported 64 homes sales, the highest number from all the surrounding cities. Prices were able to find a top with the average selling price rising to $47,000, a six-month high. Penns Grove is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Comments:

$249K  
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. Heading the list of top schools in the city is Mary S Shoemaker.
Comments:

$125K  
While home sales in the Penns Grove market have been above average, in this week's report they plummeted 42.9% to four homes sold over the last 30 days. On the other hand, close-by Wilmington registered 52 homes sold in the same time frame, the most of all surrounding cities. The price of homes sold went down with the average selling price hitting a three-month low at $19,447. With prices falling, the availability of nine months of inventory means that Penns Grove is a solid buyer's market.
Comments:

$280K  
With an identifiable upward trend of new sellers listing homes, including nine over the last 30 days, and sales that have risen to seven in that same time frame, the Penns Grove market will be more intense. Prices are rising in Penns Grove, and the median sales price this period increased from $22,450 to $23,000.
Comments:

$172K  
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.
Comments:

$250K  
The Penns Grove market slowed this week but was still better than normal as sales fell 16.7% to five homes sold over the last 30 days. On the other hand, close-by Wilmington registered 72 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Penns Grove, and for this period the median sales price slid from $23,500 to $23,000. Penns Grove is a definite buyer's market, due to a big seven months of inventory left and aided by the dip in sales.
Comments:
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Keller Williams
Snapped 2 homes in this area

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