Is Voorhees, 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, Voorhees was a Seller's Market.
Key Takeaway
Voorhees is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Voorhees, NJ
How much do homes in Voorhees, NJ cost?
Median Sold Price
$407,750
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Voorhees have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Voorhees was $407,750 in March 2024, up 9.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $169.9K | +25.9% |
| 2 Bedrooms | $199.7K | $240K | +20.1% |
| 3 Bedrooms | $354.9K | $355K | 0.0% |
| 4 Bedrooms | $512.5K | $580K | +13.2% |
| 5+ Bedrooms | $700K | $675K | -3.6% |
Summary: Voorhees housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes increased by 20.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Evesham Township | $365K | $406.7K | +11.4% |
| Voorhees | $371.9K | $407.7K | +9.6% |
| Voorhees Township | $371.9K | $407.3K | +9.5% |
| Lindenwold | $224.9K | $240K | +6.7% |
Housing Supply in Voorhees, NJ
How many homes are available in Voorhees, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 131 | 136 | +3.8% |
Summary: The Voorhees real estate market had 136 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 41 | 38 | -7.3% |
| 4 Bedrooms | 50 | 56 | +12.0% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Voorhees housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 35.3%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 14 | -48.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Voorhees, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Voorhees in March 2024, down by 48.1% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Voorhees, NJ
How long does it take to sell a home in Voorhees, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 19 Days | -32.7% |
Summary: Homes in Voorhees had an average of 19 days on market in Mar 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Voorhees are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Voorhees; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
