Is Camden County, 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, Camden County has remained a Seller's Market.
Housing Prices in Camden County, NJ
How much do homes in Camden County, NJ cost?
Median Sold Price
$313,306
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Camden County was $313,306 in May 2024, up 9.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $155K | +19.2% |
2 Bedrooms | $185.2K | $218.8K | +18.1% |
3 Bedrooms | $270K | $295.5K | +9.5% |
4 Bedrooms | $379.8K | $410.4K | +8.1% |
5+ Bedrooms | $450K | $500K | +11.1% |
Summary: Camden County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Counties
Atlantic County | $301.7K | $347.5K | +15.2% |
Burlington County | $325K | $359.9K | +10.8% |
Camden County | $285K | $313.3K | +9.9% |
Gloucester County | $293.7K | $320K | +8.9% |
Philadelphia County | $264K | $257.9K | -2.3% |
Housing Supply in Camden County, NJ
How many homes are available in Camden County, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,569 | 1,743 | +11.1% |
Summary: The Camden County real estate market had 1,743 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 28 | +7.7% |
2 Bedrooms | 226 | 219 | -3.1% |
3 Bedrooms | 749 | 812 | +8.4% |
4 Bedrooms | 447 | 542 | +21.3% |
5+ Bedrooms | 121 | 142 | +17.4% |
Summary: The Camden County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
394 | 336 | -14.7% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
216 Homes Were Sold
Over Asking
Summary: A total of 336 homes were sold or pending in Camden County in May 2024, down by 14.7% month-over-month. Of the 334 sold homes, 19% were sold under asking, 16% were sold at asking, and 65% were sold over asking.
Days on Market for Camden County, NJ
How long does it take to sell a home in Camden County, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 23 Days | -10.0% |
Summary: Homes in Camden County had an average of 23 days on market in May 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
254 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 336 homes were sold in Camden County; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.