Camden County real estate market in New Jersey demonstrated solid performance in October 2024, with areas like Cherry Hill and Voorhees maintaining steady transaction volumes. The market showed balanced conditions as buyers and sellers navigated seasonal trends and evolving opportunities.
View Full Camden County Market Report (PDF)
What October Meant for Buyers in Camden County
Buyers found encouraging conditions throughout Camden County in October. Closed sales declined 7.3% year-over-year to 418 transactions, reducing competition while still maintaining healthy market activity. The median home price increased 10% to $330,000, reflecting the county’s continued appeal among purchasers seeking quality communities.
Properties in desirable areas like Haddonfield and Collingswood spent an average of 15 days on market, matching the previous year’s pace. This stable timeline allowed buyers to conduct thorough evaluations without feeling rushed. With 56.5% of homes selling over list price compared to 58.1% last October, buyers gained slightly more negotiating leverage while competition remained robust.
Seller Highlights from October in Camden County
October delivered positive results for sellers across Camden County. New listings increased 3.7% from October 2023, with homeowners in communities like Mount Laurel and Berlin adding quality inventory. Active listings rose 9.8% year-over-year, providing buyers more choices but requiring sellers to position their properties strategically.
Despite increased inventory, more than half of all sales exceeded asking prices, demonstrating continued buyer appetite for well-presented homes. Properties in premium locations like Moorestown and Haddon Township particularly benefited from strong demand. Sellers who priced competitively and highlighted their home’s best features found success in the evolving market landscape.
Key Takeaways:
- Closed sales fell 7.3% to 418 transactions, creating slightly less competition for buyers
- Median home prices rose 10% to $330,000, showing strong value appreciation
- Over 56% of homes sold above list price, indicating continued seller leverage in negotiations
Related Market Reports:
Compare Camden County’s performance with other South Jersey markets:
- Burlington County Market Recap for October 2024
- Cumberland County Market Recap for October 2024
- Gloucester County Market Recap for October 2024
- Salem County Market Recap for October 2024
See how the market has evolved: Camden County Market Recap for September 2024
