Is Deptford Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Deptford Township has remained a Seller's Market.
Housing Prices in Deptford Township, NJ
How much do homes in Deptford Township, NJ cost?
Median Sold Price
$310,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Deptford Township was $310,500 in May 2024, up 7.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138.5K | $112.5K | -18.8% |
2 Bedrooms | $269K | $280K | +4.1% |
3 Bedrooms | $290K | $294K | +1.4% |
4 Bedrooms | $333.5K | $370K | +10.9% |
5+ Bedrooms | $265K | $435K | +64.2% |
Summary: Deptford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 64.2%.
Median Sold Price Compared To Nearby Cities
Woodbury Heights | $295K | $340K | +15.3% |
Glendora | $275K | $299K | +8.7% |
Woodbury | $265K | $286.1K | +8.0% |
Deptford Township | $290K | $310.5K | +7.1% |
Wenonah | $329K | $330K | 0.3% |
Housing Supply in Deptford Township, NJ
How many homes are available in Deptford Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
125 | 126 | +0.8% |
Summary: The Deptford Township real estate market had 126 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 24 | 17 | -29.2% |
3 Bedrooms | 66 | 73 | +10.6% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Deptford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 29.2%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Deptford Township in May 2024, up by 3.8% month-over-month. Of the 27 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Deptford Township, NJ
How long does it take to sell a home in Deptford Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 34 Days | +38.2% |
Summary: Homes in Deptford Township had an average of 34 days on market in May 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Deptford Township; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.