Is Mount Laurel Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mount Laurel Township has remained a Seller's Market.
Key Takeaway
Mount Laurel Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Laurel Township, NJ
How much do homes in Mount Laurel Township, NJ cost?
Median Sold Price
$354,975
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Laurel Township have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Mount Laurel Township was $354,975 in April 2024, up 9.2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.7K | $193K | +14.4% |
| 2 Bedrooms | $235K | $255.5K | +8.7% |
| 3 Bedrooms | $359.2K | $425K | +18.3% |
| 4 Bedrooms | $515K | $575K | +11.7% |
| 5+ Bedrooms | $760K | $685K | -9.9% |
Summary: Mount Laurel Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Maple Shade | $256.2K | $285.3K | +11.4% |
| Mount Laurel Township | $325K | $354.9K | +9.2% |
| Moorestown Township | $580K | $610K | +5.2% |
| Hainesport Township | $422.5K | $435K | +3.0% |
| Hainesport | $422.5K | $435K | +3.0% |
Housing Supply in Mount Laurel Township, NJ
How many homes are available in Mount Laurel Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 130 | 124 | -4.6% |
Summary: The Mount Laurel Township real estate market had 124 homes for sale in April 2024, a 4.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 10 | +100.0% |
| 2 Bedrooms | 61 | 49 | -19.7% |
| 3 Bedrooms | 36 | 29 | -19.4% |
| 4 Bedrooms | 25 | 31 | +24.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Mount Laurel Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 19.7%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 34 | -30.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Laurel Township, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Mount Laurel Township in April 2024, down by 30.6% month-over-month. Of the 34 sold homes, 21% were sold under asking, 9% were sold at asking, and 71% were sold over asking.
Days on Market for Mount Laurel Township, NJ
How long does it take to sell a home in Mount Laurel Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -43.3% |
Summary: Homes in Mount Laurel Township had an average of 14 days on market in Apr 2024, down by 43.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Laurel Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 34 homes were sold in Mount Laurel Township; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.