Is Deptford Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Deptford Township has remained a Buyer's Market.
Housing Prices in Deptford Township, NJ
How much do homes in Deptford Township, NJ cost?
Median Sold Price
$308,833
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Deptford Township was $308,833 in February 2024, up 10.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $112.5K | -2.2% |
2 Bedrooms | $260K | $269.5K | +3.7% |
3 Bedrooms | $275.5K | $290K | +5.2% |
4 Bedrooms | $347.5K | $353K | +1.6% |
5+ Bedrooms | $445K | $416K | -6.5% |
Summary: Deptford Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Glendora | $250K | $299K | +19.6% |
Deptford Township | $280.1K | $308.8K | +10.3% |
Woodbury | $260K | $275K | +5.8% |
Woodbury Heights | $305K | $310K | +1.6% |
Wenonah | $332K | $327K | -1.5% |
Housing Supply in Deptford Township, NJ
How many homes are available in Deptford Township, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
150 | 145 | -3.3% |
Summary: The Deptford Township real estate market had 145 homes for sale in February 2024, a 3.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 32 | 25 | -21.9% |
3 Bedrooms | 63 | 68 | +7.9% |
4 Bedrooms | 41 | 41 | 0.0% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Deptford Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 15 | -28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Deptford Township in February 2024, down by 28.6% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
18 Days | 46 Days | +157.2% |
Summary: Homes in Deptford Township had an average of 46 days on market in Feb 2024, up by 157.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 15 homes were sold in Deptford Township; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.