The Burlington County real estate market showed mixed signals in November 2024, with buyer activity slowing compared to last year’s levels across communities like Mount Laurel, Evesham, and Moorestown. New Jersey’s largest county by area continues to adapt to evolving market conditions as both buyers and sellers navigate changing dynamics.
View Full Burlington County Market Report (PDF)
What November Meant for Buyers in Burlington County
November brought encouraging news for homebuyers in Burlington County, with 365 homes changing hands – down 16.3% from November 2023’s 436 closings. This reduction in sales activity created more breathing room for buyers exploring neighborhoods like Cherry Hill, Willingboro, and Washington Township. Buyers found homes spending an average of 17 days on market, up from 14 days last November, giving them more time to make informed decisions.
The median sales price reached $374,900 in November, representing a 5.3% increase from last year’s $356,000. While prices continued their upward trend, the pace of appreciation has moderated compared to previous years. Buyers discovered that 47.4% of homes sold over list price, down from 53.4% in November 2023, indicating less frenzied competition in desirable areas like Medford, Maple Shade, and Cinnaminson.
Seller Highlights from November in Burlington County
For sellers across Burlington County, November delivered solid results despite softer buyer demand. Properties in well-positioned neighborhoods like Moorestown, Mount Laurel, and Evesham continued attracting multiple offers, with nearly half of all sales exceeding asking prices. The average days on market of 17 days remained relatively quick, though sellers needed to be more strategic about pricing and presentation than in previous years.
New listing activity decreased by 9.3% compared to November 2023, with 438 homes entering the market versus 483 the prior year. This decline in fresh inventory helped support price stability across townships like Pemberton, Burlington Township, and Delran. Sellers who priced competitively and prepared their homes well found success, while those testing the market with aggressive pricing faced longer marketing periods.
Key Takeaways:
- Closed sales decreased 16.3% year-over-year, creating more opportunities for selective buyers
- Median price increased 5.3% to $374,900, showing continued but moderate appreciation
- Days on market extended to 17 days, giving buyers more time to evaluate properties carefully
Related Market Reports:
Compare Burlington County’s performance with other South Jersey markets:
- Camden County Market Recap for November 2024
- Cumberland County Market Recap for November 2024
- Gloucester County Market Recap for November 2024
- Salem County Market Recap for November 2024
See how the market has evolved: Burlington County Market Recap for October 2024
