Is West Deptford Township, 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, West Deptford Township was a Seller's Market.
Housing Prices in West Deptford Township, NJ
How much do homes in West Deptford Township, NJ cost?
Median Sold Price
$301,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in West Deptford Township was $301,000 in March 2024, up 9.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $140K | +180.0% |
2 Bedrooms | $200K | $235K | +17.5% |
3 Bedrooms | $259.4K | $295K | +13.7% |
4 Bedrooms | $352.5K | $400K | +13.5% |
5+ Bedrooms | $388.3K | $342.5K | -11.8% |
Summary: West Deptford Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 180%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Cities
Thorofare | $259K | $315K | +21.6% |
National Park | $205K | $235K | +14.6% |
West Deptford Township | $275K | $301K | +9.5% |
Woodbury | $260.5K | $280.3K | +7.6% |
Housing Supply in West Deptford Township, NJ
How many homes are available in West Deptford Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 101 | +13.5% |
Summary: The West Deptford Township real estate market had 101 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 43 | 51 | +18.6% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The West Deptford Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in West Deptford Township in March 2024, up by 18.2% month-over-month. Of the 13 sold homes, 8% were sold under asking, 31% were sold at asking, and 62% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 16 Days | -25.1% |
Summary: Homes in West Deptford Township had an average of 16 days on market in Mar 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in West Deptford Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.