Is Florence Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Florence Township was a Seller's Market.
Housing Prices in Florence Township, NJ
How much do homes in Florence Township, NJ cost?
Median Sold Price
$298,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Florence Township was $298,500 in April 2024, up 6.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $99.2K | $120K | +21.0% |
2 Bedrooms | $257.5K | $261K | +1.4% |
3 Bedrooms | $251K | $287K | +14.3% |
4 Bedrooms | $522.5K | $459.5K | -12.1% |
5+ Bedrooms | $382K | $245.9K | -35.6% |
Summary: Florence Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 35.6%.
Median Sold Price Compared To Nearby Cities
Springfield Township | $535K | $575K | +7.5% |
Florence Township | $280K | $298.5K | +6.6% |
Burlington Township | $355K | $315K | -11.3% |
Mansfield Township | $400.7K | $350K | -12.7% |
Housing Supply in Florence Township, NJ
How many homes are available in Florence Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 48 | +14.3% |
Summary: The Florence Township real estate market had 48 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Florence Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Florence Township in April 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Florence Township, NJ
How long does it take to sell a home in Florence Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 22 Days | -22.7% |
Summary: Homes in Florence Township had an average of 22 days on market in Apr 2024, down by 22.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Florence Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.