Is Delran 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, Delran Township was a Seller's Market.
Housing Prices in Delran Township, NJ
How much do homes in Delran Township, NJ cost?
Median Sold Price
$387,502
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Delran Township was $387,502 in April 2024, up 6.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $61K | N/A |
2 Bedrooms | $222K | $242K | +9.0% |
3 Bedrooms | $325K | $356.5K | +9.7% |
4 Bedrooms | $427.7K | $465K | +8.7% |
5+ Bedrooms | $470.5K | $540K | +14.8% |
Summary: Delran Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
Riverside Township | $265K | $301.2K | +13.7% |
Riverside | $301.3K | $339.2K | +12.6% |
Delanco Township | $302K | $333.7K | +10.5% |
Willingboro | $305K | $330K | +8.2% |
Delran Township | $365K | $387.5K | +6.2% |
Housing Supply in Delran Township, NJ
How many homes are available in Delran Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 59 | +55.3% |
Summary: The Delran Township real estate market had 59 homes for sale in April 2024, a 55.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 18 | 24 | +33.3% |
4 Bedrooms | 8 | 17 | +112.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Delran 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 increased by 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 112.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Delran Township in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Delran Township, NJ
How long does it take to sell a home in Delran Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 13 Days | -66.1% |
Summary: Homes in Delran Township had an average of 13 days on market in Apr 2024, down by 66.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Delran Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.