Is Evesham Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Evesham Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Evesham Township has remained a Seller's Market.

Key Takeaway

Evesham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Evesham Township, NJ

How much do homes in Evesham Township, NJ cost?

Median Sold Price

$430,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$43,066(+11.1%)

Key Takeaway

Homes in Evesham Township have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Evesham Township was $430,000 in November 2024, up 11.1% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K$215K
+19.4%
2 $253.7K$280K
+10.3%
3 $378.5K$415K
+9.6%
4 $500K$530K
+6.0%
5+ $644.5K$575K
-10.8%

Summary: Evesham Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 10.8%.

Median Sold Price Compared To Nearby Cities

Medford Township
+11.5%
Medford
+11.2%
Evesham Township
+11.1%
West Berlin
+9.2%
Voorhees
+2.8%

Housing Supply in Evesham Township, NJ

How many homes are available in Evesham Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
150129-14.0%

Summary: The Evesham Township real estate market had 129 homes for sale in November 2024, a 14.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 46
+50.0%
2 3023
-23.3%
3 6455
-14.1%
4 4840
-16.7%
5+ 45
+25.0%

Summary: The Evesham Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 23.3%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5238-26.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Evesham Township, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Summary: A total of 38 homes were sold or pending in Evesham Township in November 2024, down by 26.9% month-over-month. Of the 38 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% 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

Nov 2023Nov 2024CHANGE
14 Days23 Days+63.6%

Summary: Homes in Evesham Township had an average of 23 days on market in Nov 2024, up by 63.6% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Evesham Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 38 homes were sold in Evesham Township; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Evesham Township, NJ

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