Are you interested in moving to the South Jersey area? Then, this post is for you. Right now the real estate market is seeing a huge boom, and these Southern NJ towns are some of the most sought after in the area.
South Jersey’s Top Real Estate Markets
This borough, located in Camden County, New Jersey in the United States is a favorite amongst locals. The town of Haddonfield offers a small-town feel, just minutes from Philadelphia. Based on the statistics from the 2010 United States Census, it has a population of more than 11,500. It is known for its historic homes, quaint shops, and delicious restaurants.
Haddonfield holds great potentials for buyers, but the market is super competitive. Presently there are about 95 homes up for sale in this County, and the price ranges from $184.9k to about $4.1M.
As of April 2021, houses in this area are trending up about 5.4%, with a median listing price of $527K, a median per square foot price of $265, and a median sale price of $442.5K.
Haddon Township is also located in Camden County with a very promising real estate market. Presently, there are more than 54 homes available to be sold in Haddon Township and these prices are within a range of $62K to $649.9K.
As it stands, the median listing price for homes in the township is $329.5K as of April 2021. The year-to-year trend of the real estate market is increasing about 22.5% for this area, and the median sale price was about $373.3K. Currently, the median listing price per square foot stands at $198.
Another small town in New Jersey. Collingswood is known for it’s great restaurants, shops and boutiques along Haddon Ave. It’s also a great location to commute into Philadelphia with the Collingswood Patco station running 24/7.
The median listing price of properties of April 2021 stands at $287K and was trending up to about 14.8% year-over-year. The median sale price was valued at $365.5K, and the median listing price per square foot was $193.
On average, sales of homes in the Collingswood market start after 67 days, and since last month, the trends for median days have skyrocketed.
Audubon is also a borough in New Jersey. This town is nestled between Collingswood and Mt. Ephraim and has lots to do for families like visiting the parks or restaurants nearby. It is also an excellent real estate location you should look out for in 2021.
There are presently 39 homes up for sale in Audubon, and the prices range from $129.9K to $599.9K. As of April 2021, homes in Audubon went for a median listing price of $269.9K, a median sale price of $310, and a median per square foot price of $171.
The year-to-year trend for homes in Audubon is about 18.7%, and with a sale-to-list price ratio of 103%, homes in Audubon sold above 3% in April.
Cherry Hill is said to be the 15th most populous municipality and the second-largest city in New Jersey as of the 2010 census.
With a 19.3% year-over-year trend, the median listing price of homes in New Jersey was valued at $339.9K. The median sale price of homes is $355K, and the median listing price per square foot is $165.
As of 2021, the real estate market of Cherry Hill is a balanced one, with supply meeting up with demand.
In 1904, Haddon Heights was incorporated as part of the borough of New Jersey and has interestingly seen a decline in population since 2000. In 2008, it was enlisted as the 98th best place to live in New Jersey by the 2008 rankings in the United States.
A striking thing to note about Haddon Heights is that it is a dry city where alcohol cannot be sold. This law has lead to a plethora of great BYOB restaurants in the area, especially in the downtown section.
The median listing of home prices in Haddon Heights as of April 2021 stood at $339.5K, while the median listing price per square foot was $206. The median sale price of homes in the borough is $300.5K, and it has shown a year-over-year trend of 9.6%.
Washington Township is also seeing a real estate boom this year. With a year-over-year trend of 20%, the median listing price of homes here is $239.9k, while the median sale is $245K. The median listing price per square foot goes for $142.
As of April 2021, the prices of homes go for exactly the asking price; the market is a balanced one, with sales of homes starting after 60 days of being in the market.