Is Deptford Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Deptford Township has remained a Seller's Market.
Key Takeaway
Deptford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Deptford Township, NJ
How much do homes in Deptford Township, NJ cost?
Median Sold Price
$310,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Deptford Township have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Deptford Township was $310,500 in May 2024, up 7.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138.5K | $112.5K | -18.8% |
| 2 Bedrooms | $269K | $280K | +4.1% |
| 3 Bedrooms | $290K | $294K | +1.4% |
| 4 Bedrooms | $333.5K | $370K | +10.9% |
| 5+ Bedrooms | $265K | $435K | +64.2% |
Summary: Deptford Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 64.2%.
Median Sold Price Compared To Nearby Cities
| Woodbury Heights | $295K | $340K | +15.3% |
| Glendora | $275K | $299K | +8.7% |
| Woodbury | $265K | $286.1K | +8.0% |
| Deptford Township | $290K | $310.5K | +7.1% |
| Wenonah | $329K | $330K | 0.3% |
Housing Supply in Deptford Township, NJ
How many homes are available in Deptford Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 125 | 126 | +0.8% |
Summary: The Deptford Township real estate market had 126 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 24 | 17 | -29.2% |
| 3 Bedrooms | 66 | 73 | +10.6% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Deptford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 29.2%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deptford Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Deptford Township in May 2024, up by 3.8% month-over-month. Of the 27 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Deptford Township, NJ
How long does it take to sell a home in Deptford Township, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 34 Days | +38.2% |
Summary: Homes in Deptford Township had an average of 34 days on market in May 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Deptford Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in Deptford Township; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
