Is Edgewater Park Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Edgewater Park Township was a Seller's Market.
Key Takeaway
Edgewater Park Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Edgewater Park Township, NJ
How much do homes in Edgewater Park Township, NJ cost?
Median Sold Price
$330,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Edgewater Park Township have sold for 29.4% more than they did a year ago.
Summary: The median home sold price in Edgewater Park Township was $330,000 in April 2024, up 29.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $132.5K | +9.5% |
| 2 Bedrooms | $166.7K | $237.5K | +42.4% |
| 3 Bedrooms | $287K | $345.9K | +20.5% |
| 4 Bedrooms | $330K | $360K | +9.1% |
| 5+ Bedrooms | $575.5K | $495K | -14.0% |
Summary: Edgewater Park Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 42.4%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Cities
| Edgewater Park Township | $255K | $330K | +29.4% |
| Beverly | $245K | $290K | +18.4% |
| Delanco Township | $302K | $333.7K | +10.5% |
| Willingboro Township | $305K | $330K | +8.2% |
| Willingboro | $305K | $330K | +8.2% |
Housing Supply in Edgewater Park Township, NJ
How many homes are available in Edgewater Park Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Edgewater Park Township real estate market had 20 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Edgewater Park Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewater Park Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Edgewater Park Township in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Edgewater Park Township, NJ
How long does it take to sell a home in Edgewater Park Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 31 Days | +17.8% |
Summary: Homes in Edgewater Park Township had an average of 31 days on market in Apr 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Edgewater Park Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Edgewater Park Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
