Is Maple Shade Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Maple Shade Township has remained a Seller's Market.
Key Takeaway
Maple Shade Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maple Shade Township, NJ
How much do homes in Maple Shade Township, NJ cost?
Median Sold Price
$285,378
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Maple Shade Township have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Maple Shade Township was $285,378 in April 2024, up 11.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $180K | +12.5% |
| 2 Bedrooms | $190K | $227K | +19.5% |
| 3 Bedrooms | $293K | $300K | +2.4% |
| 4 Bedrooms | $336K | $370K | +10.1% |
| 5+ Bedrooms | $299.5K | $360.5K | +20.4% |
Summary: Maple Shade Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Maple Shade Township | $256.2K | $285.3K | +11.4% |
| Maple Shade | $256.2K | $285.3K | +11.4% |
| Cherry Hill | $383.4K | $425K | +10.8% |
| Cherry Hill Township | $383.5K | $423.3K | +10.4% |
| Moorestown Township | $580K | $610K | +5.2% |
Housing Supply in Maple Shade Township, NJ
How many homes are available in Maple Shade Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Summary: The Maple Shade Township real estate market had 49 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 6 | 12 | +100.0% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Maple Shade Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Shade Township, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Maple Shade Township in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 0% were sold under asking, 11% were sold at asking, and 89% were sold over asking.
Days on Market for Maple Shade Township, NJ
How long does it take to sell a home in Maple Shade Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 10 Days | -60.8% |
Summary: Homes in Maple Shade Township had an average of 10 days on market in Apr 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Shade Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Maple Shade Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
