Is Burlington Township, 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 Township was a Neutral Market.
Key Takeaway
Burlington Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Burlington Township, NJ
How much do homes in Burlington Township, NJ cost?
Median Sold Price
$318,875
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Burlington Township have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in Burlington Township was $318,875 in March 2024, down 10.2% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103K | $95K | -7.8% |
| 2 Bedrooms | $210K | $175K | -16.7% |
| 3 Bedrooms | $351.9K | $315K | -10.5% |
| 4 Bedrooms | $460K | $405K | -12.0% |
| 5+ Bedrooms | $324K | $273.7K | -15.5% |
Summary: Burlington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Bristol | $273K | $311K | +13.9% |
| Willingboro Township | $300K | $327.5K | +9.2% |
| Willingboro | $300K | $327.5K | +9.2% |
| Burlington | $300K | $318.5K | +6.2% |
| Burlington Township | $355K | $318.8K | -10.2% |
Housing Supply in Burlington Township, NJ
How many homes are available in Burlington Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 154 | 169 | +9.7% |
Summary: The Burlington Township real estate market had 169 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 65 | 81 | +24.6% |
| 4 Bedrooms | 49 | 47 | -4.1% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Burlington Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 24.6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burlington Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Burlington Township in March 2024, down by 40.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 70 Days | +79.5% |
Summary: Homes in Burlington Township had an average of 70 days on market in Mar 2024, up by 79.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Burlington Township has remained consistent over time.
Summary: During March 2024, 12 homes were sold in Burlington Township; 17% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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