The Cumberland County real estate market in New Jersey delivered positive momentum in December 2024, with increased activity across communities including Millville, Vineland, and Bridgeton. Market conditions reflected growing buyer interest and solid pricing trends throughout this southwestern New Jersey region.
View Full Cumberland County Market Report (PDF)
What December Meant for Buyers in Cumberland County
Cumberland County buyers found an active marketplace in December, with 111 closed sales representing a healthy 6.7% increase from December 2023. This growth in transaction volume provided more opportunities across neighborhoods in Commercial Township, Hopewell Township, and Upper Deerfield Township. The median sales price rose to $279,900, marking substantial 26.7% appreciation from the previous year.
Market timing improved for buyers as properties spent an average of 26 days on market, down from 37 days in December 2023. Competition remained present but manageable, with one-third of buyers (33.3%) securing homes over asking price, moderately below last year’s 37.5% rate, suggesting slightly less intense bidding wars.
Seller Highlights from December in Cumberland County
December brought encouraging results for Cumberland County sellers, with strong buyer demand driving significant price appreciation across the market. Active inventory averaged 343 homes, up 20.1% from the previous year, providing buyers with reasonable selection while maintaining competitive conditions for sellers.
New listings totaled 110 properties, up 26.4% from December 2023, reflecting increased seller confidence and market participation. Properties in desirable areas like Maurice River Township, Deerfield Township, and Fairfield Township continued to attract motivated buyers, with nearly one-quarter (23.4%) of homes selling at asking price exactly.
Key Takeaways:
- Closed sales increased 6.7% to 111 transactions, demonstrating growing market activity
- Median price appreciation of 26.7% to $279,900 shows strong value growth across the county
- Days on market improved to 26 days, down from 37, indicating more efficient sales processes
Related Market Reports:
Compare Cumberland County’s performance with other South Jersey markets:
- Burlington County Market Recap for December 2024
- Camden County Market Recap for December 2024
- Gloucester County Market Recap for December 2024
- Salem County Market Recap for December 2024
See how the market has evolved: Cumberland County Market Recap for November 2024
