Is Voorhees, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Voorhees is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Voorhees, NJ

How much do homes in Voorhees, NJ cost?

Median Sold Price

$425,000

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,333(+5.3%)

Key Takeaway

Homes in Voorhees have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Voorhees was $425,000 in October 2024, up 5.3% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $166.2K$172K
+3.5%
2 $230.6K$249K
+8.0%
3 $350K$390K
+11.4%
4 $575K$582.5K
+1.3%
5+ $654.9K$715K
+9.2%

Summary: Voorhees housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Cities

Evesham Township
+9.2%
Gibbsboro
+6.0%
Voorhees Township
+5.6%
Voorhees
+5.3%
Lindenwold
-2.5%

Housing Supply in Voorhees, NJ

How many homes are available in Voorhees, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
97104+7.2%

Summary: The Voorhees real estate market had 104 homes for sale in October 2024, a 7.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 78
+14.3%
2 1916
-15.8%
3 3433
-2.9%
4 3139
+25.8%
5+ 68
+33.3%

Summary: The Voorhees housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2231+40.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Voorhees, you could pay more than the asking price. 51.6% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in Voorhees in October 2024, up by 40.9% month-over-month. Of the 31 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% were sold over asking.

Days on Market for Voorhees, NJ

How long does it take to sell a home in Voorhees, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days27 Days+88.2%

Summary: Homes in Voorhees had an average of 27 days on market in Oct 2024, up by 88.2% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 31 homes were sold in Voorhees; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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 16 Days Ago

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