Is Evesham 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, Evesham Township has remained a Seller's Market.
Housing Prices in Evesham Township, NJ
How much do homes in Evesham Township, NJ cost?
Median Sold Price
$420,333
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Evesham Township was $420,333 in May 2024, up 15.6% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162K | $187.5K | +15.7% |
2 Bedrooms | $225K | $275K | +22.2% |
3 Bedrooms | $352K | $400K | +13.6% |
4 Bedrooms | $478.7K | $516K | +7.8% |
5+ Bedrooms | $555K | $669.5K | +20.6% |
Summary: Evesham Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Cities
West Berlin | $272K | $339.9K | +25.0% |
Evesham Township | $363.6K | $420.3K | +15.6% |
Medford | $501K | $550K | +9.8% |
Voorhees | $381K | $408.8K | +7.3% |
Medford Township | $520K | $550K | +5.8% |
Housing Supply in Evesham Township, NJ
How many homes are available in Evesham Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
139 | 164 | +18.0% |
Summary: The Evesham Township real estate market had 164 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 24 | 35 | +45.8% |
3 Bedrooms | 58 | 66 | +13.8% |
4 Bedrooms | 51 | 53 | +3.9% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Evesham Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 45.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 36 | -2.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Evesham Township in May 2024, down by 2.7% month-over-month. Of the 36 sold homes, 17% were sold under asking, 22% were sold at asking, and 61% were sold over asking.
Days on Market for Evesham Township, NJ
How long does it take to sell a home in Evesham Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 18 Days | -6.8% |
Summary: Homes in Evesham Township had an average of 18 days on market in May 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Evesham Township; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.