Market Update for Burlington County, New Jersey, 1st Quarter 2017

EXIT Realty JP Rothermel in Medford, Burlington County, New Jersey

Market Update 1st Quarter 2017 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 January, February, March 2017 the medium sales price for Burlington County was $179,950, up 2.8% from last year; the average sales price $210,058 down 1.0% from 2016.  The actual sales price received based on the original listing price was 92.4%, an increase of 1.0% from the previous year with an average of 106 days on the market, a change of minus 8.0% from 2016.  During this time period in Burlington County, New Jersey, there were 2724real estate properties on the market for sale, down 15.9% and 1337 real estate properties sold, up 9.1%.

For Burlington City, New Jersey, zip code 08016, the medium sales price for the 1st quarter 2017 was $165,000, up 5.8% from the year before.  The actual sales price based on the original listing price was 90.3%, unchanged from 2016 with an average of 104 days on the market, down 7.1% from 2016.  During this time period in Burlington City, NJ, closed sales accounted for 89 real estate properties, up 32.8% from 2016.

For the 1st quarter 2017, the medium sales price for Lumberton, New Jersey, Zip Code 08048, was $228,000, an increase by 1.3% from the year before.  The actual sales price based on the original listing price came to 91.7%, up 0.4% from the year before with an average of 96 days on the market, down 15.8% from 2016.  During this time period in Lumberton, NJ, closed sales accounted for 27 real estate properties, down 12.9% from 2016.

Zip code 08060 for Mount Holly, New Jersey, the medium sales price was $175,000 down 2.8% from the same time in 2016.  Real Estate Properties sold for 92.0% of the original listing price, up 0.3% from 2016 with an average of 108 days on the market, down 2.7% from 2016.  During the 1st Quarter of 2017 for Mount Holly, New Jersey, closed sales accounted for 73 real estate properties, down 2.7% 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 $320,000, a decrease of 1.5% from 2016.  Real estate properties sold for 93.9% of the original listing price, up 1.6% from 2016 with an average of 104 days on the market, down 37.7% from the previous year.  During the 1st quarter 2017 for Medford Township, NJ, and Medford Lakes Township, NJ, closed sales accounted for 95 real estate properties, up 15.9 from 2016.

Zip code 08088 for Southampton Township, NJ; Vincentown, NJ; Tabernacle, NJ, and Shamong, NJ, the medium sales price was $170,000, down 17.8% from 2016.  Real estate properties sold for 87.8% of the original listing price, a 4.5% decrease from 2016 with average days of 152 on the market, up 7.0% from 2016.  During this 1st quarter of 2017, in Southampton, NJ, Vincentown, NJ, Tabernacle, NJ, and Shamong, NJ,  95 real estate properties sold, an increase of 15.9% from 2016.

Zip code 08053 for Marlton, NJ, or Evesham Township, NJ, the medium sales price was $257,000 up 28.5% from 2016.  Real estate properties sold for 95.1% of the original listing price, increase of 3.0% compared to the same time of 2016 with average days of 141 on the market, up 11.0% from 2016.  During this 1st quarter of 2017, for Marlton, NJ, or Evesham Township, NJ, closed sales accounted for 141 real estate properties sold, up 11.0%


Zip code 08054 for Mount Laurel Township, NJ, the medium sales price was $190,000, a decrease of 2.4% from 2016.  Real estate properties sold for 93.9% of the original listing price, unchanged from 2016 with an average of 87 days on the market, unchanged from 2016.  During the 1st quarter of 2017, for Mt. Laurel Township, NJ, closed sales accounted for 157 real estate properties, same as in 2016.


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

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