Is Deerfield Township, 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, Deerfield Township has remained a Seller's Market.
Housing Prices in Deerfield Township, NJ
How much do homes in Deerfield Township, NJ cost?
Median Sold Price
$260,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Deerfield Township was $260,000 in April 2024, down 3.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $160K | -13.5% |
3 Bedrooms | $285K | $276K | -3.2% |
4 Bedrooms | $220K | $290K | +31.8% |
5+ Bedrooms | - | - | N/A |
Summary: Deerfield Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Pittsgrove Township | $300K | $335K | +11.7% |
Millville | $200K | $215K | +7.5% |
Vineland | $250K | $266.5K | +6.6% |
Deerfield Township | $270K | $260K | -3.7% |
Housing Supply in Deerfield Township, NJ
How many homes are available in Deerfield Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Summary: The Deerfield Township real estate market had 8 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Deerfield Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Deerfield Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Deerfield Township, NJ
How long does it take to sell a home in Deerfield Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 27 Days | -32.5% |
Summary: Homes in Deerfield Township had an average of 27 days on market in Apr 2024, down by 32.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Deerfield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.