$3,551 Closing Credit*
$299,000
1,345 SqFt
2 Beds
•2 Full Baths
joseph kisner, Listing Office: Nationwide Homes Realty
Is Edgewater Park 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, Edgewater Park Township was a Neutral Market.
Key Takeaway
Edgewater Park Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Edgewater Park Township, NJ
How much do homes in Edgewater Park Township, NJ cost?
Median Sold Price
$335,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,000(+10.6%)
Key Takeaway
Homes in Edgewater Park Township have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Edgewater Park Township was $335,000 in November 2024, up 10.6% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $158K | +21.5% |
| 2 Bedrooms | $195K | $220K | +12.8% |
| 3 Bedrooms | $327.5K | $345.9K | +5.6% |
| 4 Bedrooms | $360K | $395K | +9.7% |
| 5+ Bedrooms | $495K | $345.5K | -30.2% |
Summary: Edgewater Park Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 30.2%.
Median Sold Price Compared To Nearby Cities
| Edgewater Park Township | $303K | $335K | +10.6% |
| Willingboro Township | $320K | $345K | +7.8% |
| Willingboro | $320K | $345K | +7.8% |
| Delanco Township | $320K | $340K | +6.3% |
| Beverly | $279.9K | $290K | +3.6% |
Housing Supply in Edgewater Park Township, NJ
How many homes are available in Edgewater Park Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 42 | +10.5% |
Summary: The Edgewater Park Township real estate market had 42 homes for sale in November 2024, a 10.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Edgewater Park Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 15 | +275.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Edgewater Park Township, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Edgewater Park Township in November 2024, up by 275.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 33% were sold at asking, and 47% were sold over asking.
Days on Market for Edgewater Park Township, NJ
How long does it take to sell a home in Edgewater Park Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +73.2% |
Summary: Homes in Edgewater Park Township had an average of 28 days on market in Nov 2024, up by 73.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Edgewater Park Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Edgewater Park Township; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
