The Long & Foster Market Minute

Focus On: Marlton and Evesham Township Housing Market June 2021

Zip Code(s): 08053
Units Sold
103
Active Inventory
54
Median Sale Price
$325,000
Days On Market
15
Up
Vs. Year Ago
Down -49%
Vs. Year Ago
Up 13%
Vs. Year Ago
Down -75%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 103 sold this month in Marlton and evesham Township Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 51 units or 49%. The total number of active inventory this June was 54 compared to 105 in June 2020. This month's total of 54 is lower than the previous month's total supply of available inventory of 58, a decrease of 7%.

Median Sale Price
Last June, the median sale price for Marlton and evesham Township Homes was $288,750. This June, the median sale price was $325,000, an increase of 13% or $36,250 compared to last year. The current median sold price is 7% lower than in May.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
102
Current Contracts
91
Sold Vs. List Price
104.5%
Months of Supply
0.5
No Change
Vs. Year Ago
Down -17%
Vs. Year Ago
Up
Vs. Year Ago
Down -63%
Vs. Year Ago

Months of Supply
In June, there was 0.5 months of supply available in Marlton and Evesham Township, compared to 1.4 in June 2020. That is a decrease of 63% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 102 homes newly listed for sale in Marlton and Evesham Township, which is similar to the amount in June 2020. There were 91 current contracts pending sale this June compared to 110 a year ago. The number of current contracts is 17% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Marlton and Evesham Township was 104.5% of the average list price, which is higher than at this time last year.

Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 59, a decrease of 75%.

The Long & Foster Market Minute Marlton and evesham Township are defined as properties listed in zip code/s 08053.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.