Is Oaklyn, 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, Oaklyn has remained a Buyer's Market.
Key Takeaway
Oaklyn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oaklyn, NJ
How much do homes in Oaklyn, NJ cost?
Median Sold Price
$265,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oaklyn have sold for 6% more than they did a year ago.
Summary: The median home sold price in Oaklyn was $265,000 in March 2024, up 6% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $248.5K | +84.1% |
| 3 Bedrooms | $269.3K | $250K | -7.2% |
| 4 Bedrooms | $365K | $350K | -4.1% |
| 5+ Bedrooms | $325K | $457.5K | +40.8% |
Summary: Oaklyn 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 84.1%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 40.8%.
Median Sold Price Compared To Nearby Cities
| Haddon Township | $376.5K | $420K | +11.6% |
| Collingswood | $341K | $375K | +10.0% |
| Oaklyn | $250K | $265K | +6.0% |
| Audubon | $320K | $320.5K | 0.2% |
Housing Supply in Oaklyn, NJ
How many homes are available in Oaklyn, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 | 57 | +1.8% |
Summary: The Oaklyn real estate market had 57 homes for sale in March 2024, a 1.8% increase 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Oaklyn 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 decreased by 22.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oaklyn, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Oaklyn in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Oaklyn, NJ
How long does it take to sell a home in Oaklyn, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 117 Days | 17 Days | -84.8% |
Summary: Homes in Oaklyn had an average of 17 days on market in Mar 2024, down by 84.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oaklyn are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Oaklyn; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.