Is Pitman, NJ 08071 a buyer’s or seller’s market?
Pitman is a seller’s market. With about 1.7 months of supply and 32% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 81% of U.S. ZIP codes, and #241 of 444 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Pitman housing market right now
In the three months ending August 31, 2026, 32% of homes in Pitman, NJ 08071 sold above their list price, the typical home went under contract in 21 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 32 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 56%, homes sold about as fast and the median sale price rose 2% to $374,838. Overall, Pitman is less competitive than a year ago, which gives buyers more room.
Within Gloucester County, homes here sell faster than in 86% of the county’s ZIP codes, and sell less often over asking than in 91%. On our competition score, Pitman ranks #241 of 444 NJ ZIP codes with enough sales (score 76 out of 100).
Nearby, buyers who want less competition could look at Malaga 08328 (25% sold over asking), while Bridgeport 08014 (100% sold over asking) and Gibbstown 08027 (63% sold over asking) are even more competitive.
Run the numbers for 08071
Nearby markets
Bridgeport 08014Buyer’s market $253 /sq ftClarksboro 08020Balanced $242 /sq ftClayton 08312Seller’s market $208 /sq ftDeptford 08096Seller’s market $222 /sq ft Browse all markets →Towns like Pitman nearby
Find towns like Pitman in other states →Where Pitman is
Loading map…
Questions about Pitman real estate
Is Pitman a buyer’s or seller’s market?
A seller’s market: there were 1.7 months of supply in Pitman, NJ 08071 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Pitman?
The typical home went under contract in 21 days in the latest three months.
Do homes in Pitman sell over asking?
32% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Pitman?
About 2.82% of a home’s value a year in Pitman Boro, Gloucester County, or roughly $11,268 on a $400,000 home.
What is the median home price in Pitman?
The median sale price was $374,838 in the three months ending August 31, 2026, about $243 per square foot.
Local agents
See all agents in 08071 →No sponsored agents in 08071 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 08071
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology