Is Voorhees Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Voorhees Township was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $168.1K | +24.5% |
2 Bedrooms | $196K | $240K | +22.4% |
3 Bedrooms | $353.9K | $350K | -1.1% |
4 Bedrooms | $505K | $577.5K | +14.4% |
5+ Bedrooms | $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 | $242.5K | $295K | +21.6% |
Lindenwold | $220K | $241K | +9.5% |
Voorhees | $372.2K | $401.6K | +7.9% |
Voorhees Township | $372.2K | $400.8K | +7.7% |
Gibbsboro | $342.5K | $337K | -1.6% |
Housing Supply in Voorhees Township, NJ
How many homes are available in Voorhees Township, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
129 | 126 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 45 | 41 | -8.9% |
4 Bedrooms | 50 | 46 | -8.0% |
5+ Bedrooms | 14 | 15 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 26 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
27 Days | 39 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
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.