Is West Deptford Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Deptford Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Deptford Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Deptford Township, NJ

How much do homes in West Deptford Township, NJ cost?

Median Sold Price

$315,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+5.0%)

Key Takeaway

Homes in West Deptford Township have sold for 5% more than they did a year ago.

Summary: The median home sold price in West Deptford Township was $315,000 in November 2024, up 5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K$185.3K
+32.4%
2 $234.5K$230K
-1.9%
3 $285K$302K
+6.0%
4 $389.9K$420K
+7.7%
5+ $351K$410.5K
+17.0%

Summary: West Deptford Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 17%.

Median Sold Price Compared To Nearby Cities

Woodbury
+18.6%
Woodbury Heights
+13.7%
Thorofare
+12.7%
West Deptford Township
+5.0%

Housing Supply in West Deptford Township, NJ

How many homes are available in West Deptford Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
67670.0%

Summary: The West Deptford Township real estate market had 67 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 2928
-3.4%
4 2322
-4.3%
5+ 13
+200.0%

Summary: The West Deptford Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2123+9.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Deptford Township, you may be able to get a good deal. 34.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in West Deptford Township in November 2024, up by 9.5% month-over-month. Of the 23 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.

Days on Market for West Deptford Township, NJ

How long does it take to sell a home in West Deptford Township, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days28 Days-5.8%

Summary: Homes in West Deptford Township had an average of 28 days on market in Nov 2024, down by 5.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 23 homes were sold in West Deptford Township; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% 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 20 Days Ago

Newest Listings in West Deptford Township, NJ

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