Is Maple Shade, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Maple Shade was a Seller's Market.
Key Takeaway
Maple Shade is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Maple Shade, NJ
How much do homes in Maple Shade, NJ cost?
Median Sold Price
$290,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Maple Shade have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Maple Shade was $290,000 in May 2024, up 13.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $180K | +10.8% |
| 2 Bedrooms | $190K | $227K | +19.5% |
| 3 Bedrooms | $285K | $306K | +7.4% |
| 4 Bedrooms | $330.5K | $370K | +12.0% |
| 5+ Bedrooms | $299.5K | $360.5K | +20.4% |
Summary: Maple Shade housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Cherry Hill | $376.2K | $434K | +15.4% |
| Cherry Hill Township | $375.5K | $430.1K | +14.6% |
| Maple Shade | $255K | $290K | +13.7% |
| Maple Shade Township | $255K | $290K | +13.7% |
| Moorestown Township | $554.7K | $630K | +13.6% |
Housing Supply in Maple Shade, NJ
How many homes are available in Maple Shade, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 60 | +25.0% |
Summary: The Maple Shade real estate market had 60 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 12 | 20 | +66.7% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Maple Shade housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Shade, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Maple Shade in May 2024, down by 9.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Maple Shade, NJ
How long does it take to sell a home in Maple Shade, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 28 Days | +86.1% |
Summary: Homes in Maple Shade had an average of 28 days on market in May 2024, up by 86.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Maple Shade are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Maple Shade; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
