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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deptford Township is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Deptford Township has remained a Seller's Market.

Key Takeaway

Deptford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Deptford Township, NJ

How much do homes in Deptford Township, NJ cost?

Median Sold Price

$326,902

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$18,069(+5.9%)

Key Takeaway

Homes in Deptford Township have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Deptford Township was $326,902 in December 2024, up 5.9% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $99.4K$140K
+40.8%
2 $268K$300.7K
+12.2%
3 $292.5K$324K
+10.8%
4 $350K$389.8K
+11.4%
5+ $410.5K$459.2K
+11.9%

Summary: Deptford Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.8%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 11.9%.

Median Sold Price Compared To Nearby Cities

Woodbury
+18.5%
Deptford Township
+5.9%
Glendora
+5.1%
Wenonah
-0.2%

Housing Supply in Deptford Township, NJ

How many homes are available in Deptford Township, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
104101-2.9%

Summary: The Deptford Township real estate market had 101 homes for sale in December 2024, a 2.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1917
-10.5%
3 5850
-13.8%
4 2330
+30.4%
5+ 33
0.0%

Summary: The Deptford Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2629+11.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deptford Township, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in Deptford Township in December 2024, up by 11.5% month-over-month. Of the 29 sold homes, 17% were sold under asking, 38% were sold at asking, and 45% were sold over asking.

Days on Market for Deptford Township, NJ

How long does it take to sell a home in Deptford Township, NJ?

Average Sale Time

Dec 2023Dec 2024CHANGE
16 Days26 Days+62.6%

Summary: Homes in Deptford Township had an average of 26 days on market in Dec 2024, up by 62.6% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Deptford Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 29 homes were sold in Deptford Township; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% 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 15 Days Ago

Newest Listings in Deptford Township, NJ

Nearby Markets to Deptford Township, NJ

What housing markets are near Deptford Township, NJ?