Is Delanco Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delanco Township is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Delanco Township has remained a Buyer's Market.

Key Takeaway

Delanco Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Delanco Township, NJ

How much do homes in Delanco Township, NJ cost?

Median Sold Price

$325,500

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,500(+5.0%)

Key Takeaway

Homes in Delanco Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in Delanco Township was $325,500 in February 2024, up 5% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$174.7K
N/A
2 $326.2K$274K
-16.0%
3 $308K$342.5K
+11.2%
4 $365K$333K
-8.8%
5+ $730K$299K
-59.0%

Summary: Delanco Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 59%.

Median Sold Price Compared To Nearby Cities

Edgewater Park Township
+26.9%
Riverside Township
+23.0%
Beverly
+13.5%
Riverside
+13.4%
Delanco Township
+5.0%

Housing Supply in Delanco Township, NJ

How many homes are available in Delanco Township, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2723-14.8%

Summary: The Delanco Township real estate market had 23 homes for sale in February 2024, a 14.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 44
0.0%
3 118
-27.3%
4 1110
-9.1%
5+ 11
0.0%

Summary: The Delanco Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delanco Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Delanco Township in February 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Feb 2023Feb 2024CHANGE
31 Days58 Days+87.1%

Summary: Homes in Delanco Township had an average of 58 days on market in Feb 2024, up by 87.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Delanco Township has remained consistent over time.

Summary: During February 2024, 1 homes were sold in Delanco Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Delanco Township, NJ

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