$210K  
Penns Grove is an average-sized city in New Jersey with a population of 5,147 residents, and it has a higher than average density compared to the rest of the state, with 5,656.0 people per square mile. With a ratio of 55.1%, most homes in Penns Grove are being rented. The best school in the city is Mary S Shoemaker.
Comments:

$178K  
Over the last 30 days, a confirmed upward trend of new sellers coming into the Penns Grove market continued, with seven listings in this week's report. Meanwhile, sales have fallen, with two homes selling during the same period. Prices are falling in Penns Grove, and this period the median price of all sales fell from $36,000 to $25,550. Penns Grove is a definite buyer's market, thanks to a big 16 months of inventory to choose from and a pullback in sales.
Comments:

$169K  
There were three home sales in the Penns Grove market over the last 30 days, while coming close to the 3.4 monthly average for the last 12 months. In comparison, nearby Wilmington had 55 sales in the same time frame, the most of all neighboring cities. Prices are falling in Penns Grove, and this period the median price of all sales fell from $50,000 to $36,000. Even after the uptick in sales, an elevated 10 months of inventory tells us that Penns Grove is still a solid buyer's market.
Comments:

$250K  
Home sales in the Penns Grove market stayed sluggish in this week's report as they dropped 50.0% to one home sold over the last 30 days. On the other hand, close-by Wilmington registered 39 homes sold in the same time frame, the most of all surrounding cities. Prices are rising in Penns Grove, and the median sales price this period increased from $32,100 to $50,000. Penns Grove is a definite buyer's market, thanks to a big 34 months of inventory to choose from and a pullback in sales.
Comments:

$169K  
In this week's report, the number of homes sold in the Penns Grove market slid to two over the past 30 days. It marked a decrease of 50.0% from last week's report and a fall below the monthly average. Meanwhile, close-by Wilmington reported 48 homes sales, the highest number from all the surrounding cities. The median sales price dropped to $32,100, down from last week's $35,000. Penns Grove is a strong buyer's market, thanks to a big 18 months of inventory to choose from and a pullback in sales.
Comments:

$169K  
The number of home sales in the Penns Grove market climbed 33.3% to four homes over the last 30 days, exceeding the 3.6 monthly average for the last 12 months. Within the same time frame, Wilmington had 64 sales, the most of all cities in the area. Prices are rising in Penns Grove, and the median sales price this period increased from $20,000 to $35,000. Despite the uptick in sales, there are still nine months of inventory left to work through, meaning Penns Grove is still a strong buyer's market.
Comments:

$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.
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Keller Williams
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