Is Burlington Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Burlington Township was a Seller's Market.
Housing Prices in Burlington Township, NJ
How much do homes in Burlington Township, NJ cost?
Median Sold Price
$315,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Burlington Township was $315,500 in May 2024, down 9.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98K | $135K | +37.8% |
2 Bedrooms | $204.9K | $208.5K | +1.7% |
3 Bedrooms | $350K | $315K | -10.0% |
4 Bedrooms | $440K | $425K | -3.4% |
5+ Bedrooms | $302K | $260K | -13.9% |
Summary: Burlington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 13.9%.
Median Sold Price Compared To Nearby Cities
Bristol | $275K | $315K | +14.5% |
Burlington | $294.2K | $315.3K | +7.2% |
Willingboro | $308.7K | $330.4K | +7.0% |
Willingboro Township | $309.1K | $330.4K | +6.9% |
Burlington Township | $349K | $315.5K | -9.6% |
Housing Supply in Burlington Township, NJ
How many homes are available in Burlington Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
113 | 127 | +12.4% |
Summary: The Burlington Township real estate market had 127 homes for sale in May 2024, a 12.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 53 | 62 | +17.0% |
4 Bedrooms | 32 | 37 | +15.6% |
5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Burlington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 18 | -18.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Burlington Township in May 2024, down by 18.2% month-over-month. Of the 18 sold homes, 11% were sold under asking, 6% were sold at asking, and 83% were sold over asking.
Days on Market for Burlington Township, NJ
How long does it take to sell a home in Burlington Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 14 Days | -38.1% |
Summary: Homes in Burlington Township had an average of 14 days on market in May 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Burlington Township; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.