Is Delanco Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Delanco Township has remained a Seller's Market.
Key Takeaway
Delanco Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delanco Township, NJ
How much do homes in Delanco Township, NJ cost?
Median Sold Price
$340,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Delanco Township have sold for 11% more than they did a year ago.
Summary: The median home sold price in Delanco Township was $340,000 in June 2024, up 11% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $174.7K | N/A |
| 2 Bedrooms | $271.7K | $282.5K | +4.0% |
| 3 Bedrooms | $310K | $348.5K | +12.4% |
| 4 Bedrooms | $364K | $298.5K | -18.0% |
| 5+ Bedrooms | $360K | - | N/A |
Summary: Delanco Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Edgewater Park Township | $268.5K | $336.4K | +25.3% |
| Beverly | $249K | $290K | +16.5% |
| Delanco Township | $306.2K | $340K | +11.0% |
| Riverside | $310K | $340K | +9.7% |
| Riverside Township | $274.4K | $292.5K | +6.6% |
Housing Supply in Delanco Township, NJ
How many homes are available in Delanco Township, NJ?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Summary: The Delanco Township real estate market had 19 homes for sale in June 2024, a 46.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Delanco Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delanco Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Delanco Township in June 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Delanco Township, NJ
How long does it take to sell a home in Delanco Township, NJ?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 22 Days | 14 Days | -34.5% |
Summary: Homes in Delanco Township had an average of 14 days on market in Jun 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delanco Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 4 homes were sold in Delanco Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
