$4,038 Closing Credit*
$340,000
1,098 SqFt
3 Beds
•1 Full Bath
Teal M Levick, Listing Office: Tealestate LLC
Is Upper Deerfield Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Upper Deerfield Township has remained a Seller's Market.
Key Takeaway
Upper Deerfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Deerfield Township, NJ
How much do homes in Upper Deerfield Township, NJ cost?
Median Sold Price
$315,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+16.7%)
Key Takeaway
Homes in Upper Deerfield Township have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Upper Deerfield Township was $315,000 in October 2024, up 16.7% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $65K | N/A |
| 2 Bedrooms | $196.5K | $167K | -15.0% |
| 3 Bedrooms | $251.5K | $294.4K | +17.1% |
| 4 Bedrooms | $340.5K | $400K | +17.5% |
| 5+ Bedrooms | $282K | $357.5K | +26.8% |
Summary: Upper Deerfield 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 15%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Cities
| Upper Deerfield Township | $270K | $315K | +16.7% |
| Bridgeton | $225.3K | $249K | +10.5% |
| Alloway Township | $285K | $311K | +9.1% |
| Hopewell Township | $465K | $389.9K | -16.2% |
Housing Supply in Upper Deerfield Township, NJ
How many homes are available in Upper Deerfield Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The Upper Deerfield Township real estate market had 29 homes for sale in October 2024, a 3.3% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Upper Deerfield Township 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 decreased by 50%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Deerfield Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Upper Deerfield Township in October 2024, up by 80.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Upper Deerfield Township, NJ
How long does it take to sell a home in Upper Deerfield Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 20 Days | -54.4% |
Summary: Homes in Upper Deerfield Township had an average of 20 days on market in Oct 2024, down by 54.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Deerfield Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Upper Deerfield Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.