$3,918 Closing Credit*
$329,900
1,326 SqFt
3 Beds
•2 Full Baths
Tony S Lee, Listing Office: Home Journey Realty
Is Delanco Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Delanco Township was a Neutral Market.
Key Takeaway
Delanco Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delanco Township, NJ
How much do homes in Delanco Township, NJ cost?
Median Sold Price
$340,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+6.3%)
Key Takeaway
Homes in Delanco Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Delanco Township was $340,000 in November 2024, up 6.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.7K | $105K | -39.9% |
| 2 Bedrooms | $274K | $275K | 0.4% |
| 3 Bedrooms | $320K | $349K | +9.1% |
| 4 Bedrooms | $364K | $357.5K | -1.8% |
| 5+ Bedrooms | $329.5K | - | N/A |
Summary: Delanco Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Edgewater Park Township | $303K | $335K | +10.6% |
| Riverside Township | $273K | $301.2K | +10.3% |
| Riverside | $326.7K | $354.5K | +8.5% |
| Delanco Township | $320K | $340K | +6.3% |
| Beverly | $279.9K | $290K | +3.6% |
Housing Supply in Delanco Township, NJ
How many homes are available in Delanco Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Delanco Township real estate market had 18 homes for sale in November 2024, a 38.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Delanco Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delanco Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Delanco Township in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Delanco Township, NJ
How long does it take to sell a home in Delanco Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 31 Days | +61.7% |
Summary: Homes in Delanco Township had an average of 31 days on market in Nov 2024, up by 61.7% compared to last year.
Breakdown of Home Sale Times
3 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 Delanco Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Delanco Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
