Market Update for Burlington County, New Jersey, 4th Quarter 2016
Market Up-Date 4th Quarter 2016 for Real Estate Burlington County, New Jersey, and zip codes 08016 for Burlington City; for zip code 08055 consisting of Medford, NJ, and Medford Lakes, NJ; zip code 08088 consisting of Southampton and Vincentown NJ, Tabernacle, NJ, Shamong, NJ; zip code 08053 consisting of Marlton or Evesham Township, NJ; and zip code 08054 for Mt. Laurel, NJ; zip code 08048 Lumberton; zip code 08060 for Mount Holly.
For October, November,December 2016 the medium sales price for Burlington County was $185,000, down 3.6% from last year; the average sales price $223,591 down 4.3% from 2015. The actual sales price received based on the original listing price was 92.7%, an increase of 0.6% from the previous year with an average of 99 days on the market, a change of minus 5.0% from 2015. During this time period in Burlington County, New Jersey, there were 2461real estate properties on the market for sale, down 18.4% and 1484 real estate properties sold, up 11.2%.
For Burlington City, New Jersey, zip code 08016, the medium sales price for the 4th quarter 2016 was $188,000, up 18.3% from the year before. The actual sales price based on the original listing price was 91.4%, up 5.1% from 2015 with an average of 91 days on the market, down 30.0% from 2015. During this time period in Burlington City, NJ, closed sales accounted for 98 real estate properties, up 11.1% from 2015.
For the 4th quarter 2016, the medium sales price for Lumberton, New Jersey, Zip Code 08048, was $241,750, an increase by 3.8% from the year before. The actual sales price based on the original listing price came to 94.6%, down 1.4% from the year before with an average of 112 days on the market, up 14.3% from 2015. During this time period in Lumberton, NJ, closed sales accounted for 42 real estate properties, up 82.6%from 2015.
Zip code 08060 for Mount Holly, New Jersey, the medium sales price was $169,900, up 2.4% from the same time in 2015. Real Estate Properties sold for 92.5% of the original listing price, up 0.2% from 2015 with an average of 93 days on the market, up 2.2% from 2015. During the 4th Quarter of 2016 for Mount Holly, New Jersey, closed sales accounted for 72 real estate properties, up 18.0% from the same time the year before.
Zip code 08055 for Medford Township, NJ, and Medford Lakes Township, NJ, the medium sales price came to $355,000, a decrease of 7.6% from 2015. Real estate properties sold for 93.6% of the original listing price, up 0.4% from 2015 with an average of 96 days on the market, down 15.0% from the previous year. During the 4th quarter 2016 for Medford Township, NJ, and Medford Lakes Township, NJ, closed sales accounted for 123 real estate properties, up 12.8% from 2015.
Zip code 08088 for Southampton Township, NJ; Vincentown Township, NJ; Tabernacle Township, NJ, and Shamong Township, NJ, the medium sales price was $171,500, down 7.3% from 2015. Real estate properties sold for 92.8% of the original listing price, a 0.3% increase from 2015 with average days of 89 on the market, down 20.5% from 2015. During this 4th quarter of 2016, in Southampton, NJ, Vincentown, NJ, Tabernacle, NJ, and Shamong, NJ, 76 real estate properties sold, an increase of 1.3% from 2015.
Zip code 08053 for Marlton, NJ, or Evesham Township, NJ, the medium sales price was $226,500, down 5.2% from 2015. Real estate properties sold for 92.8% of the original listing price, a decrease of 0.9% compared to the same time of 2015 with average days of 86 on the market, down 15.7% from 2015. During this 4th quarter of 2016, for Marlton, NJ, or Evesham Township, NJ, closed sales accounted for 150 real estate properties, down 10.2% from 2015.
Zip code 08054 for Mount Laurel Township, NJ, the medium sales price was $196,000, a decrease of 0.5% from 2015. Real estate properties sold for 94.7% of the original listing price, unchanged from 2015 with an average of 74 days on the market, unchanged from 2015. During the 4th quarter of 2016, for Mt. Laurel Township, NJ, closed sales accounted for 173 real estate properties, same as in 2015.
EXIT Realty JP Rothermel, Medford NJ
Assisting buyers and sellers invest in real estate properties and homes in Southern New Jersey
Ph: 609-714-3948
Fx: 609-714-3954
