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 buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$28,733(+10.3%)

Key Takeaway

Homes in Deptford Township have sold for 10.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $115K$112.5K
-2.2%
2 $260K$269.5K
+3.7%
3 $275.5K$290K
+5.2%
4 $347.5K$353K
+1.6%
5+ $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
+19.6%
Deptford Township
+10.3%
Woodbury
+5.8%
Woodbury Heights
+1.6%
Wenonah
-1.5%

Housing Supply in Deptford Township, NJ

How many homes are available in Deptford Township, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
150145-3.3%

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

# BEDSJan 2024Feb 2024CHANGE
1 43
-25.0%
2 3225
-21.9%
3 6368
+7.9%
4 4141
0.0%
5+ 108
-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 2024Feb 2024CHANGE
2115-28.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deptford Township, you could pay more than the asking price. 40% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
18 Days46 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

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 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.

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

Report Updated 27 Days Ago

Newest Listings in Deptford Township, NJ

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