Is Moorestown 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, Moorestown Township was a Neutral Market.
Housing Prices in Moorestown Township, NJ
How much do homes in Moorestown Township, NJ cost?
Median Sold Price
$594,761
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Moorestown Township was $594,761 in March 2024, up 0.8% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $340K | +13.3% |
3 Bedrooms | $462.5K | $516K | +11.6% |
4 Bedrooms | $736.2K | $689.9K | -6.3% |
5+ Bedrooms | $1.1M | $1.0M | -14.6% |
Summary: Moorestown Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 14.6%.
Median Sold Price Compared To Nearby Cities
Maple Shade Township | $256.2K | $281K | +9.7% |
Maple Shade | $257.5K | $281K | +9.1% |
Mount Laurel Township | $325K | $354K | +8.9% |
Cinnaminson Township | $365K | $379.9K | +4.1% |
Moorestown Township | $590K | $594.7K | +0.8% |
Housing Supply in Moorestown Township, NJ
How many homes are available in Moorestown Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
146 | 144 | -1.4% |
Summary: The Moorestown Township real estate market had 144 homes for sale in March 2024, a 1.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 45 | 43 | -4.4% |
4 Bedrooms | 47 | 49 | +4.3% |
5+ Bedrooms | 42 | 40 | -4.8% |
Summary: The Moorestown Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Moorestown Township in March 2024, up by 63.6% month-over-month. Of the 18 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Moorestown Township, NJ
How long does it take to sell a home in Moorestown Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 69 Days | +7.5% |
Summary: Homes in Moorestown Township had an average of 69 days on market in Mar 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Moorestown Township; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.