Is Voorhees, 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, Voorhees has remained a Seller's Market.
Key Takeaway
Voorhees is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Voorhees, NJ
How much do homes in Voorhees, NJ cost?
Median Sold Price
$408,875
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Voorhees have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Voorhees was $408,875 in May 2024, up 7.3% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $168.7K | +20.5% |
| 2 Bedrooms | $207.5K | $245K | +18.1% |
| 3 Bedrooms | $354.9K | $365K | +2.8% |
| 4 Bedrooms | $533.7K | $578.7K | +8.4% |
| 5+ Bedrooms | $675K | $687.5K | +1.9% |
Summary: Voorhees housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.5%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Evesham Township | $363.6K | $420.3K | +15.6% |
| Voorhees | $381K | $408.8K | +7.3% |
| Voorhees Township | $381K | $408.6K | +7.3% |
| Lindenwold | $225K | $235K | +4.4% |
Housing Supply in Voorhees, NJ
How many homes are available in Voorhees, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 101 | +6.3% |
Summary: The Voorhees real estate market had 101 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 7 | +133.3% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 27 | 28 | +3.7% |
| 4 Bedrooms | 38 | 39 | +2.6% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Voorhees housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Voorhees, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Voorhees in May 2024, down by 21.7% month-over-month. Of the 18 sold homes, 17% were sold under asking, 11% were sold at asking, and 72% were sold over asking.
Days on Market for Voorhees, NJ
How long does it take to sell a home in Voorhees, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 15 Days | +25.3% |
Summary: Homes in Voorhees had an average of 15 days on market in May 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Voorhees are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Voorhees; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
