Is Penns Grove, NJ 08069 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Penns Grove is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.4Under 4 months = seller’s market

Sold above original list26.8%Share of sales, last 3 months

Median sale-to-list98.9%Sold price ÷ list price

Median days on market37Listing to accepted offer

Median price per sq ft$200▲ +15.4% vs. last year

Run the numbers for 08069

Prefilled for 08069Can I win this house?Multiple-offer likelihood for a listing Prefilled for 08069Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alloway 08001Seller’s market $94 /sq ft Deepwater 08023 — /sq ft Elmer 08318Seller’s market $198 /sq ft Hancocks Bridge 08038 — /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology