Is Burlington County, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Burlington County was a Seller's Market.
Housing Prices in Burlington County, NJ
How much do homes in Burlington County, NJ cost?
Median Sold Price
$350,723
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Burlington County was $350,723 in March 2024, up 7.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141.5K | $168.5K | +19.1% |
2 Bedrooms | $234.7K | $255.1K | +8.7% |
3 Bedrooms | $315K | $344K | +9.2% |
4 Bedrooms | $438.7K | $456.5K | +4.1% |
5+ Bedrooms | $544.6K | $566.6K | +4.0% |
Summary: Burlington County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Counties
Camden County | $284.9K | $308.5K | +8.3% |
Burlington County | $325.2K | $350.7K | +7.8% |
Ocean County | $399.9K | $424.8K | +6.2% |
Mercer County | $379.6K | $402.5K | +6.0% |
Philadelphia County | $272.2K | $257.5K | -5.4% |
Housing Supply in Burlington County, NJ
How many homes are available in Burlington County, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,044 | 2,125 | +4.0% |
Summary: The Burlington County real estate market had 2,125 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 34 | 41 | +20.6% |
2 Bedrooms | 334 | 343 | +2.7% |
3 Bedrooms | 790 | 804 | +1.8% |
4 Bedrooms | 656 | 697 | +6.3% |
5+ Bedrooms | 230 | 240 | +4.3% |
Summary: The Burlington County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
308 | 320 | +3.9% |
Asking Price vs. Sold Price
81 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
185 Homes Were Sold
Over Asking
Summary: A total of 320 homes were sold or pending in Burlington County in March 2024, up by 3.9% month-over-month. Of the 320 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Burlington County, NJ
How long does it take to sell a home in Burlington County, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 36 Days | -3.3% |
Summary: Homes in Burlington County had an average of 36 days on market in Mar 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
215 Homes Were Sold
Under 30 Days
74 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During March 2024, 320 homes were sold in Burlington County; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.