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 November 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

$416,333

$217/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,333(+2.8%)

Key Takeaway

Homes in Voorhees have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Voorhees was $416,333 in November 2024, up 2.8% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$175K
+6.1%
2 $231K$242.5K
+5.0%
3 $354.5K$390K
+10.0%
4 $573.5K$587.5K
+2.4%
5+ $687.4K$730K
+6.2%

Summary: Voorhees housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Cities

Gibbsboro
+19.7%
Evesham Township
+11.1%
Voorhees Township
+3.0%
Voorhees
+2.8%
Lindenwold
0.5%

Housing Supply in Voorhees, NJ

How many homes are available in Voorhees, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10797-9.3%

Summary: The Voorhees real estate market had 97 homes for sale in November 2024, a 9.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 86
-25.0%
2 1818
0.0%
3 3430
-11.8%
4 4036
-10.0%
5+ 77
0.0%

Summary: The Voorhees housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3121-32.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Voorhees, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Voorhees in November 2024, down by 32.3% month-over-month. Of the 21 sold homes, 48% were sold under asking, 10% were sold at asking, and 43% 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

Nov 2023Nov 2024CHANGE
23 Days23 Days-1.6%

Summary: Homes in Voorhees had an average of 23 days on market in Nov 2024, down by 1.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 21 homes were sold in Voorhees; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% 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

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