Real Estate Market Update for Merchantville, NJ
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 42% from one year earlier, and down 18% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 170-thousand dollars. The number of units sold decreased 75% year-over-year, and decreased 67% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Merchantville, NJ

Area Information for Merchantville, NJ
  • Population: 3,750
  • Median Age: 40.3 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 6,207/sq mi
  • Population Change Since 2000: -.91%
  • Closest Airport: Philadelphia International
  • Closest College: Rutgers State University-camden Campus
  • Closest Jr. College: Hussian School Of Art
  • Median Household Income: $76,253
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $187,000
  • Closest Major Sports Team: Philadelphia Eagles
  • Change Avg. Household Income Since 2000: 44.77%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Merchantville, NJ
Median Age: 40.3 Married: 39% Number of Households: 1,547 Households with Children: 463
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Merchantville, NJ

      School Name Distance Type Grades School Rating Parent Rating
      St Peter Elementary School 0.1 mi Catholic PRESCHOOL-8 0 0
      Merchantville Elementary School 0.2 mi Public PRESCHOOL-8 3 0
      Martin Luther Christian School 0.9 mi Private PRESCHOOL-7 0 0
      Benjamin Franklin Elementary School 1.0 mi Public PRESCHOOL-3 1 0
      G.h. Carson Elementary School 1.0 mi Public PRESCHOOL-3 1 0
      Camden County Techical Vocational School 1.1 mi Public 9-12 1 3
      George B. Fine Elementary School 1.3 mi Public PRESCHOOL-3 1 0
      Bishop Eustace Prep School 1.5 mi Catholic 9-12 0 4
      Pennsauken Intermediate School 1.5 mi Public 4-5 0 0
      Howard M Phifer Middle School 1.5 mi Public 6-8 1 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Merchantville, NJ
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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