Is Burlington County, 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 County has remained a Seller's Market.
Housing Prices in Burlington County, NJ
How much do homes in Burlington County, NJ cost?
Median Sold Price
$355,026
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burlington County was $355,026 in April 2024, up 9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144K | $170K | +18.1% |
2 Bedrooms | $235K | $259.7K | +10.6% |
3 Bedrooms | $315K | $345K | +9.5% |
4 Bedrooms | $438.1K | $462.8K | +5.6% |
5+ Bedrooms | $533.5K | $568.3K | +6.5% |
Summary: Burlington County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Counties
Burlington County | $325.5K | $355K | +9.0% |
Camden County | $284.9K | $310K | +8.8% |
Mercer County | $379.2K | $409.5K | +8.0% |
Ocean County | $399.8K | $426.1K | +6.6% |
Philadelphia County | $269.7K | $258.6K | -4.1% |
Housing Supply in Burlington County, NJ
How many homes are available in Burlington County, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,346 | 1,445 | +7.4% |
Summary: The Burlington County real estate market had 1,445 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 30 | +7.1% |
2 Bedrooms | 246 | 255 | +3.7% |
3 Bedrooms | 535 | 551 | +3.0% |
4 Bedrooms | 422 | 485 | +14.9% |
5+ Bedrooms | 115 | 124 | +7.8% |
Summary: The Burlington County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 7.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
377 | 324 | -14.1% |
Asking Price vs. Sold Price
72 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
203 Homes Were Sold
Over Asking
Summary: A total of 324 homes were sold or pending in Burlington County in April 2024, down by 14.1% month-over-month. Of the 324 sold homes, 22% were sold under asking, 15% were sold at asking, and 63% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 23 Days | -26.4% |
Summary: Homes in Burlington County had an average of 23 days on market in Apr 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
255 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 324 homes were sold in Burlington County; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.