Is Burlington Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Burlington Township has remained a Seller's Market.
Housing Prices in Burlington Township, NJ
How much do homes in Burlington Township, NJ cost?
Median Sold Price
$315,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burlington Township was $315,000 in April 2024, down 11.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $90K | -10.0% |
2 Bedrooms | $209.9K | $187.5K | -10.7% |
3 Bedrooms | $354.9K | $310K | -12.7% |
4 Bedrooms | $457.5K | $415.5K | -9.2% |
5+ Bedrooms | $302K | $267.5K | -11.4% |
Summary: Burlington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
Bristol | $274K | $315K | +15.0% |
Willingboro Township | $305K | $330K | +8.2% |
Willingboro | $305K | $330K | +8.2% |
Burlington | $300K | $315K | +5.0% |
Burlington Township | $355K | $315K | -11.3% |
Housing Supply in Burlington Township, NJ
How many homes are available in Burlington Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 107 | +11.5% |
Summary: The Burlington Township real estate market had 107 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 53 | 52 | -1.9% |
4 Bedrooms | 23 | 30 | +30.4% |
5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Burlington Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 23 | +76.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Burlington Township in April 2024, up by 76.9% month-over-month. Of the 23 sold homes, 22% were sold under asking, 9% were sold at asking, and 70% were sold over asking.
Days on Market for Burlington Township, NJ
How long does it take to sell a home in Burlington Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 37 Days | +15.6% |
Summary: Homes in Burlington Township had an average of 37 days on market in Apr 2024, up by 15.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Burlington Township; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.