Penns Grove, NJ Real Estate and Homes for Sale
How much do homes cost in Penns Grove, NJ?
Over the past 12 months, 38 homes sold in Penns Grove at a median price of $203,750, and most sold between $165,000 and $250,000. The typical home went under contract in 34 days (Bright MLS, November 2025 through October 2026).
Schools
Public school students in Penns Grove attend the Penns Grove-Carneys Point Regional School District (pre-K through 12th grade).
Test scores, enrollment, class sizes and programs for each district are in the state’s School Performance Reports (NJ Department of Education, 2023-24):
Property taxes
In 2025, the average residential property tax bill in Penns Grove was $4,917, below the Salem County average of $6,912.
Penns Grove assesses homes at about 66% of market value, so its 5.649% tax rate works out to an effective rate of 3.748% of what a home is worth. At that rate, a home selling at the local median price of $203,750 would pay roughly $7,640 a year, about $637 a month. The actual bill depends on the home’s assessed value.
| Municipality | Average tax bill | Tax rate | Assessed at | Effective rate |
|---|---|---|---|---|
| Penns Grove | $4,917 | 5.649% | 66% | 3.748% |
| Carneys Point | $5,813 | 2.410% | 103% | 2.482% |
| Oldmans Township | $5,614 | 2.699% | 83% | 2.230% |
| Pilesgrove | $10,340 | 3.746% | 73% | 2.740% |
| Salem County average | $6,912 |
2025 figures. “Assessed at” is the share of market value used for assessments (effective rate divided by tax rate). Source: NJ Division of Taxation, 2025 Average Residential Statistics and 2025 General and Effective Tax Rates.
The real estate market right now
12-month snapshot (Bright MLS, Penns Grove Boro, closed sales November 2025 through October 2026):
- Median sale price: $203,750 (38 closed sales)
- Year over year: up about 15.1% from a $177,000 median the prior 12 months
- Typical range: most homes sold between $165,000 and $250,000
- Median price per square foot: $159
- Median days on market: 34 days
- Sale-to-list ratio: 99.3%
- Sold over asking: 45% of sales
For county-level trends, see our Salem County real estate market report, updated monthly.
Penns Grove, NJ Homes For Sale Right Now
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