The Burlington County real estate market in New Jersey showed mixed signals throughout April, as buyers and sellers navigated shifting conditions across communities like Mount Laurel, Evesham, and Moorestown. While closed sales declined moderately compared to last year, pricing trends remained favorable for homeowners in this diverse South Jersey county.
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What April Meant for Buyers in Burlington County
April delivered 415 closed home sales in Burlington County, representing a 7% decline from the 446 sales recorded in April 2024. Despite fewer transactions, buyers found homes moving at a reasonable pace, with the average days on market holding steady at 13 days compared to 12 days last year. This slight increase suggests properties required just a bit more time to find the right buyer match.
Inventory conditions improved for buyers as new listings dropped significantly. Only 530 homes came to market in April, down 39% from the 869 new listings seen in April 2024. However, the active inventory averaged 924 homes throughout the month, up 24.5% year-over-year, providing buyers more selection than they had experienced in recent years. Towns like Medford, Cinnaminson, and Delran saw varied inventory levels depending on local factors.
Seller Highlights from April in Burlington County
Sellers in Burlington County experienced solid pricing power during April. The median sales price reached $389,000, representing a healthy 6.6% increase from April 2024’s median of $365,000. This upward trend in pricing reflected continued demand for quality homes across the county’s diverse neighborhoods.
Competition remained robust for well-priced properties, with 54.9% of homes selling above their list price during April. While this was down from 60.1% in April 2024, it still indicated strong buyer interest. Additionally, 17.3% of homes sold exactly at their asking price, demonstrating that realistic pricing strategies continued to work effectively. Communities like Burlington Township, Florence, and Palmyra each contributed to these positive seller metrics throughout the month.
Key Takeaways:
- Median sales price increased 6.6% year-over-year to $389,000, showing continued appreciation
- Active inventory rose 24.5% compared to last year, giving buyers more options to consider
- Over half of homes (54.9%) still sold above asking price, indicating competitive conditions
Related Market Reports:
Compare Burlington County’s performance with other South Jersey markets:
- Camden County Market Recap for April 2025
- Cumberland County Market Recap for April 2025
- Gloucester County Market Recap for April 2025
- Salem County Market Recap for April 2025
See how the market has evolved: Burlington County Market Recap for March 2025
