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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Deptford Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, West Deptford Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Deptford Township, NJ

How much do homes in West Deptford Township, NJ cost?

Median Sold Price

$317,921

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$38,921(+14.0%)

Key Takeaway

Homes in West Deptford Township have sold for 14% more than they did a year ago.

Summary: The median home sold price in West Deptford Township was $317,921 in September 2024, up 14% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $140K$185.3K
+32.4%
2 $205K$245K
+19.5%
3 $275K$308K
+12.0%
4 $377.5K$415K
+9.9%
5+ $351K$411K
+17.1%

Summary: West Deptford Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.4%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Cities

Thorofare
+23.2%
Woodbury
+18.9%
West Deptford Township
+14.0%
Woodbury Heights
+12.3%
National Park
+9.1%

Housing Supply in West Deptford Township, NJ

How many homes are available in West Deptford Township, NJ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6165+6.6%

Summary: The West Deptford Township real estate market had 65 homes for sale in September 2024, a 6.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 2828
0.0%
4 1923
+21.1%
5+ 43
-25.0%

Summary: The West Deptford Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Deptford Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in West Deptford Township in September 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.

Days on Market for West Deptford Township, NJ

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

Average Sale Time

Sep 2023Sep 2024CHANGE
25 Days17 Days-30.6%

Summary: Homes in West Deptford Township had an average of 17 days on market in Sep 2024, down by 30.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 12 homes were sold in West Deptford Township; 83% of homes were sold within 30 days, 8% 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 7 Days Ago

Newest Listings in West Deptford Township, NJ

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