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 May 2023
Since last year, Mount Laurel Township has remained a Seller's Market.
Housing Prices in Mount Laurel Township, NJ
How much do homes in Mount Laurel Township, NJ cost?
Median Sold Price
$365,100
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mount Laurel Township was $365,100 in May 2024, up 12.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $203K | +19.4% |
2 Bedrooms | $235K | $260K | +10.6% |
3 Bedrooms | $359.2K | $430K | +19.7% |
4 Bedrooms | $515K | $575K | +11.7% |
5+ Bedrooms | $760K | $700K | -7.9% |
Summary: Mount Laurel Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
Maple Shade | $255K | $290K | +13.7% |
Moorestown Township | $554.7K | $630K | +13.6% |
Mount Laurel Township | $324.2K | $365.1K | +12.6% |
Hainesport Township | $420K | $440K | +4.8% |
Hainesport | $420K | $440K | +4.8% |
Housing Supply in Mount Laurel Township, NJ
How many homes are available in Mount Laurel Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
123 | 148 | +20.3% |
Summary: The Mount Laurel Township real estate market had 148 homes for sale in May 2024, a 20.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 48 | 61 | +27.1% |
3 Bedrooms | 25 | 36 | +44.0% |
4 Bedrooms | 35 | 38 | +8.6% |
5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Mount Laurel Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 44%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 27 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Mount Laurel Township in May 2024, down by 25.0% month-over-month. Of the 27 sold homes, 11% were sold under asking, 7% were sold at asking, and 81% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 17 Days | -20.1% |
Summary: Homes in Mount Laurel Township had an average of 17 days on market in May 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Mount Laurel Township; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.