Is Camden, 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, Camden was a Seller's Market.
Housing Prices in Camden, NJ
How much do homes in Camden, NJ cost?
Median Sold Price
$121,500
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Camden was $121,500 in May 2024, up 21.6% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | $72K | -20.0% |
2 Bedrooms | $75.5K | $102.5K | +35.8% |
3 Bedrooms | $104.1K | $131.6K | +26.4% |
4 Bedrooms | $126K | $162K | +28.6% |
5+ Bedrooms | $102.5K | $158K | +54.1% |
Summary: Camden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 35.8%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 54.1%.
Median Sold Price Compared To Nearby Cities
Woodlynne | $150.7K | $185K | +22.7% |
Camden | $99.9K | $121.5K | +21.6% |
Oaklyn | $250K | $300K | +20.0% |
Haddon Township | $392.5K | $427.9K | +9.0% |
Collingswood | $344.2K | $375K | +8.9% |
Housing Supply in Camden, NJ
How many homes are available in Camden, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
175 | 157 | -10.3% |
Summary: The Camden real estate market had 157 homes for sale in May 2024, a 10.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 34 | 36 | +5.9% |
3 Bedrooms | 105 | 94 | -10.5% |
4 Bedrooms | 25 | 16 | -36.0% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Camden housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 36%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 19 | -47.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Camden in May 2024, down by 47.2% month-over-month. Of the 18 sold homes, 28% were sold under asking, 17% were sold at asking, and 56% were sold over asking.
Days on Market for Camden, NJ
How long does it take to sell a home in Camden, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 47 Days | +37.1% |
Summary: Homes in Camden had an average of 47 days on market in May 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Camden; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.