Camden County real estate market in New Jersey posted steady growth throughout July 2024, with particularly strong activity in Cherry Hill, Voorhees Township, and Haddonfield. The market demonstrated resilience across various price points, offering opportunities for both first-time buyers and move-up purchasers in this established South Jersey region.
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What July Meant for Buyers in Camden County
Home shoppers in Camden County found a market that remained competitive but showed some encouraging trends. The median sales price reached $350,000 in July, up 10.8% from $315,990 a year earlier. This appreciation reflected strong demand in communities like Collingswood, Mount Laurel, and Berlin Township. Properties moved quickly, with homes spending just 12 days on market on average, up slightly from 11 days in July 2023.
Competition among buyers remained intense but showed subtle signs of easing. About 63.2% of homes sold above their asking price, down from 65.2% last July. Meanwhile, 17% of properties closed exactly at list price, compared to 15.3% the previous year. These shifts suggest buyers gained slightly more negotiating leverage in certain neighborhoods throughout Camden, Pennsauken, and Haddon Township during the month.
Seller Highlights from July in Camden County
Sellers enjoyed robust market conditions with 500 closed transactions in July, representing an 8% increase from 463 closings in July 2023. This growth occurred across diverse price ranges and communities, from affordable options in Lindenwold to luxury properties in Haddonfield. Year-to-date performance showed 2,954 total sales, down just 3.6% from last year’s pace, demonstrating market stability.
Inventory dynamics favored sellers despite some softening. New listings totaled 577 properties, down 26.1% from July 2023’s 781 new listings. This reduction in fresh supply helped maintain pricing power for sellers. Active listings averaged 821 homes during July, up 22% from the previous year, providing buyers with more selection while preserving competitive conditions in desirable areas like Merchantville, Audubon, and Somerdale.
Key Takeaways:
- 500 closed sales marked an 8% year-over-year increase, demonstrating healthy buyer demand across price ranges
- Median price climbed 10.8% to $350,000, reflecting continued appreciation in established neighborhoods
- New listings dropped 26.1% while buyer competition moderated slightly, creating balanced market conditions
Related Market Reports:
Compare Camden County’s performance with other South Jersey markets:
- Burlington County Market Recap for July 2024
- Cumberland County Market Recap for July 2024
- Gloucester County Market Recap for July 2024
- Salem County Market Recap for July 2024
See how the market has evolved: Camden County Market Recap for June 2024
