Penns Grove, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 217 transactions over the past year in Penns Grove. The median value for residential home transactions that occurred over the previous year is $224,125.08. The number of current listings in Penns Grove is 263, and the percentage of properties for sale in the city is 78.74%. Penns Grove, NJ currently has 71 properties in foreclosure, 3 bank owned properties, 5 properties headed for auction, and 263 properties for sale.
Penns Grove, NJ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 08069 | $ 231,903 $ 184/sqft |
Housing Market Summary for Penns Grove, NJ
| Apr 2025 | April 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $245K | $186.8K | -23.76% |
| Median Sold Price | $168.2K | $186.8K | 11.08% |
| Homes For Sale | 21 | 262 | 1147.62% |
| Homes Sold | 149 | 45 | -69.80% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Penns Grove, NJ
Browse Homes in Penns Grove, NJ
Penns Grove home values range from $20,134 to $696,964. The median estimated value of a home in Penns Grove is $224,125.08. The median list price of a home is 225,000, and the total count of properties in the city is 3,636.
- Pre-ForeclosurePre-foreclosure homes account for 1.73% of all residential properties in Penns Grove, NJ with 08069 containing 66 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Penns Grove, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $547,299 in 08069 to the lowest home value of $89,999 in 08069.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Penns Grove, NJ ranges from the highest value of $300,000 in 08069 to the lowest value of $158,545 in 08069. Bank owned homes and properties account for 0.08% of properties in Penns Grove, NJ. There is 1 zips within Penns Grove, NJ; 08069 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08069 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Penns Grove, NJ. Auction homes and other auction properties account for 0.14% of all properties in Penns Grove, NJ. There is 1 zips within Penns Grove, NJ; of that zips, the median estimated home value for homes going to auction ranges from $469,172 in 08069 to the lowest value of $165,000 in 08069.