$4,738 Closing Credit*
$399,000
1,390 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jasmin Elalfy, Listing Office: NJ Elite Group LLC
Is Moorestown Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Moorestown Township was a Seller's Market.
Key Takeaway
Moorestown Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Moorestown Township, NJ
How much do homes in Moorestown Township, NJ cost?
Median Sold Price
$640,020
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,020(+11.3%)
Key Takeaway
Homes in Moorestown Township have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Moorestown Township was $640,020 in October 2024, up 11.3% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $354K | $330K | -6.8% |
| 3 Bedrooms | $513K | $547K | +6.6% |
| 4 Bedrooms | $699.9K | $735K | +5.0% |
| 5+ Bedrooms | $1.1M | $1.0M | -6.9% |
Summary: Moorestown Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Maple Shade | $260K | $300K | +15.4% |
| Maple Shade Township | $260K | $300K | +15.4% |
| Cinnaminson Township | $365K | $415K | +13.7% |
| Moorestown Township | $575K | $640K | +11.3% |
| Mount Laurel Township | $350K | $360K | +2.9% |
Housing Supply in Moorestown Township, NJ
How many homes are available in Moorestown Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 59 | -1.7% |
Summary: The Moorestown Township real estate market had 59 homes for sale in October 2024, a 1.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Moorestown Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 8 | -60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moorestown Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Moorestown Township in October 2024, down by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Moorestown Township, NJ
How long does it take to sell a home in Moorestown Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 32 Days | -27.7% |
Summary: Homes in Moorestown Township had an average of 32 days on market in Oct 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moorestown Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Moorestown Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.