Is Evesham Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Evesham Township was a Seller's Market.
Key Takeaway
Evesham 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 Evesham Township, NJ
How much do homes in Evesham Township, NJ cost?
Median Sold Price
$406,750
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Evesham Township have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Evesham Township was $406,750 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 | $160K | $185K | +15.6% |
| 2 Bedrooms | $217K | $270K | +24.4% |
| 3 Bedrooms | $346K | $393.2K | +13.7% |
| 4 Bedrooms | $477.5K | $510K | +6.8% |
| 5+ Bedrooms | $537.4K | $680K | +26.5% |
Summary: Evesham Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Cities
| Evesham Township | $365K | $406.7K | +11.4% |
| Voorhees | $371.9K | $407.7K | +9.6% |
| Medford | $509K | $545K | +7.1% |
| Medford Township | $522.5K | $545K | +4.3% |
Housing Supply in Evesham Township, NJ
How many homes are available in Evesham Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 169 | 197 | +16.6% |
Summary: The Evesham Township real estate market had 197 homes for sale in March 2024, a 16.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 28 | 31 | +10.7% |
| 3 Bedrooms | 68 | 87 | +27.9% |
| 4 Bedrooms | 55 | 64 | +16.4% |
| 5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The Evesham Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 27.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Evesham Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Evesham Township in March 2024, the same as the previous month. Of the 32 sold homes, 22% were sold under asking, 16% were sold at asking, and 63% were sold over asking.
Days on Market for Evesham Township, NJ
How long does it take to sell a home in Evesham Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 27 Days | +10.6% |
Summary: Homes in Evesham Township had an average of 27 days on market in Mar 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Evesham Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in Evesham Township; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.