Sewell, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sewell Neighborhoods Since 2000




Sewell, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sewell Housing Market Information

With a population of 41,092, 1,818 total housing units (homes and apartments), and a median house value of $272,740, Sewell real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sewell, accounting for 74.32% of the town's housing units. Other types of housing that are prevalent in Sewell include large apartment complexes or high rise apartments ( 13.07%), row houses and other attached homes ( 9.77%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sewell. Owner-occupied housing accounts for 83.83% of Sewell's homes, and 70.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sewell built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sewell built between 1940-1969 ( 13.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.21%). There's also some housing in Sewell built before 1939 ( 4.16%).

Sewell Home Appreciation Rates

Homes have actually lost value in Sewell over the last then years, as home values have seen a decline of 20.71% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sewell home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Sewell appreciation rates have trailed the rest of the nation. In the last twelve months, Sewell's appreciation rate has been 2.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sewell were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Sewell's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Sewell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sewell - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sewell real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$272,740

Sewell, NJ HOME PRICES

Value Range
> $1,055,000 0.4
$791,001 - $1,055,000 0.6
$527,001 - $791,000 3.0
$422,001 - $527,000 5.3
$317,001 - $422,000 19.2
$211,001 - $317,000 41.2
$106,001 - $211,000 27.0
$53,001 - $106,000 0.8
$0 - $53,000 2.5

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
19.4480253134888 71.7479674796748

Number Of Homes And Apartments:
1,818

Sewell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
44.81% 2.17% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,737 / per month

Homeownership Rate

Homeownership
Owners 83.83
Renters 16.17
Vacant 3.26

Housing Market Details

 

Age of Homes

AGE OF Sewell HOMES
2000 or Newer 10.2
1970 - 1999 72.3
1940 - 1969 13.3
1939 or Older 4.2

Types of Homes

TYPE OF Sewell HOMES
Single-Family 74.3
Townhomes 9.8
Small Apt. Buildings 2.8
Apt. Complexes 13.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Sewell HOMES
No Bedroom 1.03
1 Bedroom 3.14
2 Bedrooms 21.31
3 Bedrooms 30.42
4 Bedrooms 39.64
5 or more bedrooms 4.47