Is Voorhees Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Voorhees Township is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Voorhees Township was a Buyer's Market.

Key Takeaway

Voorhees Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Voorhees Township, NJ

How much do homes in Voorhees Township, NJ cost?

Median Sold Price

$400,833

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$28,588(+7.7%)

Key Takeaway

Homes in Voorhees Township have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Voorhees Township was $400,833 in February 2024, up 7.7% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $135K$168.1K
+24.5%
2 $196K$240K
+22.4%
3 $353.9K$350K
-1.1%
4 $505K$577.5K
+14.4%
5+ $687.5K$674.9K
-1.8%

Summary: Voorhees Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.5%, 2 bedroom homes increased by 22.4%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities

Somerdale
+21.6%
Lindenwold
+9.5%
Voorhees
+7.9%
Voorhees Township
+7.7%
Gibbsboro
-1.6%

Housing Supply in Voorhees Township, NJ

How many homes are available in Voorhees Township, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
129126-2.3%

Summary: The Voorhees Township real estate market had 126 homes for sale in February 2024, a 2.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 68
+33.3%
2 1416
+14.3%
3 4541
-8.9%
4 5046
-8.0%
5+ 1415
+7.1%

Summary: The Voorhees Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1826+44.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Voorhees Township, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Voorhees Township in February 2024, up by 44.4% month-over-month. Of the 26 sold homes, 23% were sold under asking, 19% were sold at asking, and 58% were sold over asking.

Days on Market for Voorhees Township, NJ

How long does it take to sell a home in Voorhees Township, NJ?

Average Sale Time

Feb 2023Feb 2024CHANGE
27 Days39 Days+41.9%

Summary: Homes in Voorhees Township had an average of 39 days on market in Feb 2024, up by 41.9% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Voorhees Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 26 homes were sold in Voorhees Township; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Voorhees Township, NJ

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What housing markets are near Voorhees Township, NJ?