Is Delran Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Delran Township has remained a Seller's Market.
Key Takeaway
Delran Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delran Township, NJ
How much do homes in Delran Township, NJ cost?
Median Sold Price
$390,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Delran Township have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Delran Township was $390,000 in March 2024, up 11.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $61K | N/A |
| 2 Bedrooms | $210K | $241K | +14.8% |
| 3 Bedrooms | $320K | $359.7K | +12.4% |
| 4 Bedrooms | $425K | $464.5K | +9.3% |
| 5+ Bedrooms | $455K | $540K | +18.7% |
Summary: Delran Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Riverside Township | $260.5K | $299.9K | +15.1% |
| Riverside | $295K | $336.3K | +14.0% |
| Delran Township | $350K | $390K | +11.4% |
| Willingboro | $300K | $327.5K | +9.2% |
| Delanco Township | $302.5K | $326K | +7.8% |
Housing Supply in Delran Township, NJ
How many homes are available in Delran Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 60 | 0.0% |
Summary: The Delran Township real estate market had 60 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 33 | 29 | -12.1% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Delran Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delran Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Delran Township in March 2024, down by 8.3% month-over-month. Of the 11 sold homes, 0% were sold under asking, 45% were sold at asking, and 55% were sold over asking.
Days on Market for Delran Township, NJ
How long does it take to sell a home in Delran Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 20 Days | -56.1% |
Summary: Homes in Delran Township had an average of 20 days on market in Mar 2024, down by 56.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delran Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Delran Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
