$3,384 Closing Credit*
$285,000
1,351 SqFt
3 Beds
•1 Full Bath
Paul Viereck, Listing Office: Compass New Jersey, LLC - Moorestown
Is Thorofare, 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, Thorofare was a Seller's Market.
Key Takeaway
Thorofare is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Thorofare, NJ
How much do homes in Thorofare, NJ cost?
Median Sold Price
$342,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,500(+16.1%)
Key Takeaway
Homes in Thorofare have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in Thorofare was $342,500 in October 2024, up 16.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $256K | $285K | +11.3% |
| 3 Bedrooms | $270K | $300K | +11.1% |
| 4 Bedrooms | $397.5K | $455K | +14.5% |
| 5+ Bedrooms | - | $420K | N/A |
Summary: Thorofare 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 increased by 11.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Woodbury | $269K | $315K | +17.1% |
| Thorofare | $295K | $342.5K | +16.1% |
| National Park | $230K | $251K | +9.1% |
| West Deptford Township | $290K | $315K | +8.6% |
| Mount Royal | $350K | $370K | +5.7% |
Housing Supply in Thorofare, NJ
How many homes are available in Thorofare, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The Thorofare real estate market had 25 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Thorofare housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Thorofare, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Thorofare in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Thorofare, NJ
How long does it take to sell a home in Thorofare, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 18 Days | -23.1% |
Summary: Homes in Thorofare had an average of 18 days on market in Oct 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thorofare are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Thorofare; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
