Is Penns Grove a buyer's or seller's market right now?

Penns Grove is currently a seller's market with 2.1 months of supply. 57.1% of homes sell above asking price, and 25% go pending within two weeks. The Ridley Sell Score for Penns Grove is 70/100 (Strong), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Penns Grove?

The median home price in Penns Grove is $185,000, up 51% year-over-year. The median price per square foot is $191. Homes sell in a median of 73 days with a sale-to-list ratio of 101.7%.

How much does it cost to sell a home in Penns Grove, New Jersey?

On a $185,000 home in Penns Grove, a traditional listing agent charges around $5,550 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $14,800 or more. With Ridley Essentials ($999) you save $4,551, and with Ridley Pro ($3,499) you save $2,051 while getting full agent support.

How does Ridley's flat fee compare to a traditional Penns Grove agent?

A traditional Penns Grove listing agent typically charges 3% of the sale price — about $5,550 on a $185,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $4,551–$2,051 compared to a traditional agent.

How long does it take to sell a home in Penns Grove?

The median home in Penns Grove currently spends 73 days on the market before going under contract, up 36% from last year. 25% of homes go pending within two weeks. At a 101.7% sale-to-list ratio, sellers are getting very close to or above asking price. Only 13.3% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in New Jersey?

No. New Jersey does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $185,000 home, that could save you up to $2,051.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in New Jersey. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $5,550 commission.

National/New Jersey

Penns Grove, NJ

Is Now a Good Time to Sell in Penns Grove, New Jersey?

The median home in Penns Grove sells for $185,000 with prices up 51% year-over-year. The average seller pays $5,550 in commissions — Ridley’s flat fee saves you $2,051.

Penns Grove Real Estate Market Conditions — April 2026

70out of 100

Ridley Sell Score

How it's scored →

Strong

70/100

Conditions strongly favor sellers — high demand and fast sales.

What this means for sellers

Conditions in Penns Grove favor sellers right now. Demand is outpacing supply, and well-priced homes should attract strong interest. Sellers who list now are positioned to sell quickly and close at or above asking price.

Inventory TightnessFavors sellers

2.1 months of supply — below the 5-month balanced threshold — 38% below the New Jersey average of 3.4.

Price MomentumFavors sellers

Prices up 51% year-over-year — vs. +10% statewide.

Seller LeverageFavors sellers

Homes selling at 101.7% of asking — sellers are getting 1.7% above list on average. New Jersey average is 99.8%.

Bidding ActivityFavors sellers

57.1% of homes selling above list price — 39% above the New Jersey average of 41.1%.

Sale SpeedNeutral

73 median days on market — 1 days faster than the New Jersey average.

Market UrgencyNeutral

25% of listings go pending within 2 weeks — vs. 23.7% statewide.

Price StabilityNeutral

Only 13.3% of listings have dropped their price — sellers are holding firm. New Jersey average is 14.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$185,000

+51%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

+36%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$191

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

101.7%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

2.1

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

57.1%

Strong demand

Price Drops

Percentage of active listings that had a price reduction.

13.3%

Well-priced market

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

25%

Slower pace

12-Month Price Trend

$183,500 → $185,000

▲0.8%

$250K$200K$150K

MayJulSepNovJanMarApr

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Penns Grove — delivered monthly.

Your savings

How much can you save selling your home in Penns Grove?

The average Penns Grove homeowner saves $2,051 by selling with Ridley instead of paying the traditional 3% listing commission on a $185,000 home.

$0Estimated savings

That could furnish your new living room — save 1.1% of your home value

Your Penns Grove home value

$185,000

$50,000$10M

Traditional Agent (3%)

$5,550

Ridley Pro (flat fee)

$3,499

Ready to sell in Penns Grove?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Penns Grove?

The total cost to sell a house in Penns Grove in 2026 ranges from $999 with Ridley Essentials to approximately $5,550 with a traditional 3% commission on a $185,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$5,550	$3,499	$999	$0
Buyer agent	$5,1802.8% avg	$3,700~2% avg	$3,700~2% avg	$5,1802.8% avg
Closing costs (~1.5%)	$2,775	$2,775	$2,775	$2,775
Total cost	$13,505	$9,974	$7,474	$7,955
Net proceeds	$171,495	$175,026	$177,526	$177,045
You save	—	$3,531	$6,031	$5,550No support