The Burlington County real estate market in New Jersey wrapped up December 2024 with steady buyer engagement across popular areas including Mount Laurel, Moorestown, and Medford. Market activity reflected typical seasonal patterns while maintaining competitive conditions for both buyers and sellers throughout the region.
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What December Meant for Buyers in Burlington County
December brought encouraging news for Burlington County buyers as closed sales increased to 449 transactions, up 5.4% from December 2023. This growth in activity provided more opportunities across communities like Evesham Township, Cherry Hill, and Cinnaminson. The median sales price reached $400,000, representing a solid 10.9% increase from the previous year, reflecting continued appreciation in desirable neighborhoods.
Buyers found homes moving at a reasonable pace, with properties spending an average of 17 days on market, just slightly higher than last year’s 16 days. Nearly half of all buyers (48.1%) secured properties over asking price, down slightly from 49.5% in December 2023, indicating a modest cooling in competition levels.
Seller Highlights from December in Burlington County
Burlington County sellers experienced robust market conditions in December, with strong buyer demand supporting healthy sale prices. Active inventory averaged 829 homes, up 18.9% from the previous year, giving sellers more context for pricing decisions while still maintaining favorable market dynamics.
New listings totaled 300 properties in December, down 12.3% from December 2023, creating a balanced dynamic between supply and demand. Properties in sought-after areas like Marlton, Willingboro, and Burlington Township continued to attract multiple offers, with over 20% of homes selling at asking price exactly.
Key Takeaways:
- Closed sales rose 5.4% year-over-year to 449 transactions, showing sustained buyer activity
- Median price appreciation of 10.9% to $400,000 demonstrates continued value growth across the county
- Days on market remained stable at 17 days, indicating efficient transaction timelines for motivated parties
Related Market Reports:
Compare Burlington County’s performance with other South Jersey markets:
- Camden County Market Recap for December 2024
- Cumberland County Market Recap for December 2024
- Gloucester County Market Recap for December 2024
- Salem County Market Recap for December 2024
See how the market has evolved: Burlington County Market Recap for November 2024
