Is Mount Ephraim, 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, Mount Ephraim was a Seller's Market.
Housing Prices in Mount Ephraim, NJ
How much do homes in Mount Ephraim, NJ cost?
Median Sold Price
$287,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Ephraim was $287,000 in April 2024, up 17.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $182K | $236.7K | +30.1% |
3 Bedrooms | $260.7K | $295K | +13.1% |
4 Bedrooms | $300.5K | $325K | +8.2% |
5+ Bedrooms | - | $265K | N/A |
Summary: Mount Ephraim housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Haddon Heights | $383K | $457.4K | +19.4% |
Mount Ephraim | $245K | $287K | +17.1% |
Gloucester City | $185K | $203K | +9.7% |
Bellmawr | $256.5K | $278.4K | +8.6% |
Audubon | $319.7K | $321.5K | 0.5% |
Housing Supply in Mount Ephraim, NJ
How many homes are available in Mount Ephraim, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Summary: The Mount Ephraim real estate market had 12 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Ephraim 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 increased by 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 2 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Mount Ephraim in April 2024, down by 75.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Mount Ephraim, NJ
How long does it take to sell a home in Mount Ephraim, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 48 Days | +45.9% |
Summary: Homes in Mount Ephraim had an average of 48 days on market in Apr 2024, up by 45.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Mount Ephraim; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.