Penns Grove’s rolling three-month data through June 2026 shows home values climbing sharply compared with a year ago. The typical home value is up about 46% year over year, reflecting a strong upswing in prices. At the same time, the share of homes selling above asking has risen nearly 9% from last year, with about half of recent sales closing over list.
Looking more closely at recent conditions, the typical home value sits around $255,000, while the median list price is lower, near $222,000, suggesting buyers may still find some relative value. Homes are spending a median of 66 days on the market in this rolling period, longer than last year’s early-2024 pace but improved from the 84 days seen in mid-2025.
Inventory has expanded significantly, with months of supply increasing to about 8.3 and active listings edging up compared with recent months, even as the number of homes sold over the period is down more than 50% year over year. Pending sales have also declined nearly 34% from last year’s rolling window, pointing to slower buyer follow-through despite higher prices. Even so, sellers are still achieving an average sale-to-list ratio just under 100%, and in this mixed environment both buyers and sellers can benefit from Agent Pronto’s help in finding an experienced local agent.
