Pitman Housing Market Report March 2025•Gloucester County, New Jersey

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Housing Prices in Pitman, NJ

How much do homes in Pitman, NJ cost?

Housing Market Conditions

Is Pitman, NJ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Pitman is a Seller's Market

Difference Since March 2024

Since last year, Pitman has remained a Seller's Market.

Insight

Pitman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$350,000$223/SqFt
+$43,000
+14.0%

Based on all homes sold in the last 12 months

Insight

Homes in Pitman have sold for 14% more than they did a year ago.

Summary: The median home sold price in Pitman was $350,000 in March 2025, up 14% from last year, and the median price per square foot was $223.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Pitman
+14.0%
Glassboro
+12.9%
Washington Township
+9.8%
Mantua Township
+9.6%
Sewell
+6.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1-$145K
N/A
2$235K$239.8K
+2.1%
3$317.5K$342.5K
+7.9%
4$351.5K$414K
+17.8%
5$420K$483.7K
+15.2%

Summary: Pitman housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +2.1%. The home price for 3 bedroom homes increased by +7.9%. The home price for 4 bedroom homes increased by +17.8%. The home price for 5 bedroom homes increased by +15.2%.

How does Pitman, NJ compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Pitman, NJ

Housing supply in Pitman, NJ

How many homes are available in Pitman, NJ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
33Last MonthMar 2025
222 months agoFeb 2025
+50.0 %
Change MoMFeb – Mar

Summary: The Pitman real estate market had 33 homes for sale in Mar 2025, a 50.0 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthMar 2025
12 months agoFeb 2025
+500.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
110
-100.0%
216
+500.0%
31217
+41.7%
478
+14.3%
512
+100.0%

Summary: Pitman housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes increased by +500.0%. The inventory for 3 bedroom homes increased by +41.7%. The inventory for 4 bedroom homes increased by +14.3%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Pitman, NJ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Pitman, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Pitman in March 2025, up by 500.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and and 83% were sold over asking.

Days on Market for Pitman, NJ

How long does it take to sell a home in Pitman, NJ?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Pitman are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 6 homes were sold in Pitman; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
8 DaysThis YearMar 2025
7 Days1 year agoMar 2024
+17.1 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Pitman had an average listing age of 8 days in Mar 2025, up by 17.1% compared to the previous year.

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Newest Listings in Pitman, NJ

What homes are available in Pitman, NJ?

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MLS Disclaimers and Copyright

Based on information from BrightMLS, and New Jersey MLS for the period 04/01/2023 - 04/01/2025

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 9:21:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.