The Burlington County real estate market showed steady activity in September 2024, with communities like Moorestown, Mount Laurel, and Cherry Hill maintaining consistent buyer interest across New Jersey’s most diverse suburban landscape.
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What September Meant for Buyers in Burlington County
September brought more balanced conditions for Burlington County homebuyers, with 435 closed sales representing a modest 5.4% decrease from the same period last year. Popular areas like Evesham Township and Marlton continued attracting families, though buyers found slightly more negotiating power than in previous months. The median home price reached $380,000, up 5.6% year-over-year, reflecting continued demand in desirable school districts throughout the county.
Buyers benefited from homes spending an average of 14 days on market, providing reasonable time for due diligence while maintaining competitive conditions. Communities like Cinnaminson and Delran offered particularly attractive opportunities for first-time buyers, with inventory levels supporting more thoughtful decision-making than the frenzied pace of recent years.
Seller Highlights from September in Burlington County
Burlington County sellers maintained strong positioning despite seasonal trends, with 52% of homes closing over list price in September. This represents a decline from last year’s 63% rate but still indicates solid demand across townships from Mount Holly to Pemberton. New listings totaled 506 properties, down 16.8% from September 2023, contributing to the balanced market conditions.
Premium locations like Moorestown and Haddonfield continued commanding top dollar, while emerging neighborhoods in Florence and Burlington Township attracted buyers seeking value. The average of 898 active listings provided sellers with manageable competition, particularly for well-priced homes in move-in ready condition.
Key Takeaways:
- 435 closed sales in September, down 5.4% year-over-year but maintaining healthy transaction volume
- Median price of $380,000 reflects 5.6% annual growth, showing continued appreciation in desirable areas
- 52% of homes sold over asking price, indicating competitive but balanced conditions for both buyers and sellers
Related Market Reports:
Compare Burlington County’s performance with other South Jersey markets:
- Camden County Market Recap for September 2024
- Cumberland County Market Recap for September 2024
- Gloucester County Market Recap for September 2024
- Salem County Market Recap for September 2024
See how the market has evolved: Burlington County Market Recap for August 2024
