Is Mount Laurel Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mount Laurel Township has remained a Seller's Market.
Key Takeaway
Mount Laurel Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Laurel Township, NJ
How much do homes in Mount Laurel Township, NJ cost?
Median Sold Price
$354,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mount Laurel Township have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Mount Laurel Township was $354,000 in March 2024, up 8.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $199.5K | +20.9% |
| 2 Bedrooms | $235K | $255K | +8.5% |
| 3 Bedrooms | $360.5K | $420K | +16.5% |
| 4 Bedrooms | $510K | $575K | +12.7% |
| 5+ Bedrooms | $775K | $685K | -11.6% |
Summary: Mount Laurel Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.9%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Hainesport Township | $395K | $434.9K | +10.1% |
| Hainesport | $395K | $434.9K | +10.1% |
| Maple Shade | $257.5K | $281K | +9.1% |
| Mount Laurel Township | $325K | $354K | +8.9% |
| Moorestown Township | $590K | $594.7K | +0.8% |
Housing Supply in Mount Laurel Township, NJ
How many homes are available in Mount Laurel Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 175 | 177 | +1.1% |
Summary: The Mount Laurel Township real estate market had 177 homes for sale in March 2024, a 1.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 72 | 74 | +2.8% |
| 3 Bedrooms | 51 | 50 | -2.0% |
| 4 Bedrooms | 39 | 37 | -5.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Mount Laurel Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 44 | +18.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Laurel Township, you could pay more than the asking price. 79.5% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Mount Laurel Township in March 2024, up by 18.9% month-over-month. Of the 44 sold homes, 14% were sold under asking, 7% were sold at asking, and 80% were sold over asking.
Days on Market for Mount Laurel Township, NJ
How long does it take to sell a home in Mount Laurel Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 14 Days | -26.8% |
Summary: Homes in Mount Laurel Township had an average of 14 days on market in Mar 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Laurel Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 44 homes were sold in Mount Laurel Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
