Lumberton NJ Real Estate Market Update: Is NOW A Good Time To Sell?

Welcome to the latest insights on the Lumberton Real Estate Market! If you’re curious about home values, trends, and what makes Lumberton such a desirable place to live, you’re in the right spot. This blog will provide a comprehensive update on the Lumberton real estate market, including comparisons to Burlington County. Whether you’re thinking about buying or selling, understanding these dynamics can help you make informed decisions.

Table of Contents

• Lumberton Real Estate Market Update
• Burlington County Market Update
• What’s Next for the South Jersey Market?
• Why People Love Calling Lumberton Home
• Predictions for 2025 & Spring Market, Hottest ROI for Sellers
• FAQ About Lumberton NJ Real Estate Market Update

Lumberton Real Estate Market Update

As of October 2024, the median home price in Lumberton has reached $450,000, representing a significant 33.5% increase from last year. The price per square foot is now $217, indicating a robust appreciation in property values. With an average of about 30 days on the market, demand is strong, and we typically see around 7 to 10 homes available for sale each month.

To put it into perspective, the average price in Burlington County is $380,000, which is $70,000 less than Lumberton's median price. This shows that Lumberton remains a desirable place to live, driving up demand and prices.

Burlington County Market Update

In Burlington County, the real estate landscape has shown a noteworthy trend, with the median home price rising to $380,000 as of October 2024. This marks a 7% increase since September 2023, reflecting a steady appreciation in home values across the county. 

The competitive nature of the market is underscored by the fact that homes are averaging around 26 days on the market, closely aligning with Lumberton's 30 days. With approximately 419 homes sold in October, a slight 1.5% uptick from the previous month, it's clear that demand remains strong despite ongoing inventory challenges. The market's resilience indicates that Burlington County continues to be a desirable area for prospective homebuyers, contributing to a robust real estate environment. 

The average days on the market in Burlington County is around 26 days, very close to Lumberton's 30 days. Homes in Lumberton are selling for about 10.2% over the list price, indicating we are still in a strong seller's market.

What’s Next for the South Jersey Market?

Despite a slight increase in inventory by 3.9% from September to October, low inventory continues to be a challenge, contributing to rising home prices and quick sales. This trend often follows presidential elections, where the market typically slows down but rebounds in the spring.

Looking ahead, we’re predicting about a 10% appreciation in home values in South Jersey for 2025. The current appreciation rate is around 10.9%, slightly less than last year’s 12% growth. Lumberton is outpacing many neighboring towns, thanks in part to its high quality of life and lower taxes.

Why People Love Calling Lumberton Home

Lumberton has become a cherished community for countless residents, and it’s easy to see why. The town boasts a welcoming atmosphere that fosters a strong sense of community. Families appreciate the excellent schools and recreational facilities, which contribute to a nurturing environment for children. The availability of parks and outdoor spaces invites families to engage in activities together, promoting a healthy lifestyle.

Moreover, Lumberton’s strategic location provides residents with easy access to both urban amenities and serene suburban living. Its proximity to major highways allows for convenient commuting to nearby cities, making it ideal for professionals seeking a quiet home base. The area is dotted with local shops, dining options, and community events that enhance the overall living experience.

Residents often highlight the low crime rates and friendly neighbors, creating a safe and welcoming space for all. This combination of factors makes Lumberton not just a place to live, but a place to call home, where community ties flourish and quality of life is prioritized.

People love living in Lumberton for its community spirit, access to amenities, and the overall quality of life it offers. It’s a place where families can thrive, and the tight-knit community makes it even more appealing.

Predictions for 2025 & Spring Market, Hottest ROI for Sellers

As we approach spring, the market is expected to become even more competitive. If you’re considering selling, now is a great time to prepare your home. You might be surprised to learn that the highest returns on investment don’t come from kitchen or bathroom renovations, but from enhancing your home’s curb appeal.

FAQ About Lumberton NJ Real Estate Market Update

What is the current median home price in Lumberton, NJ?

The current median home price in Lumberton is $450,000.

How has the Lumberton real estate market changed over the past year?

There has been a 33.5% increase in the median home price compared to last year.

How long do homes typically stay on the market in Lumberton?

Homes in Lumberton are averaging about 30 days on the market.

What factors are driving demand in Lumberton?

Factors include a strong community spirit, lower taxes compared to neighboring towns, and overall high quality of life.

What renovations provide the best ROI for selling a home?

Enhancing curb appeal offers the highest return on investment, more so than kitchen or bathroom renovations.

As we continue to monitor the Lumberton Real Estate Market, it’s evident that the area is thriving, and opportunities abound for both buyers and sellers. If you have any questions or need assistance navigating this dynamic market, don’t hesitate to reach out!

Whether you're buying, selling, or just curious about the market trends, we're here to help you every step of the way. Don't miss out on this thriving market—  schedule your FREE consultation  with our team today!

Greater Living Group is a premier real estate agency specializing in South Jersey, helping clients relocate from NYC, Philadelphia, and Central Jersey to desirable communities like Mt Laurel, Moorestown, Lumberton, Marlton, Medford, and Mt Holly. Led by Braden Maurer-Burns and Trey McLean, we provide expert guidance on the real estate market in Greater Living, NJ, offering personalized service to buyers and sellers. Whether you're seeking more space, lower home costs, or an easy commute, Greater Living Group makes relocating effortless. Explore Moorestown property listings and Medford real estate trends with us today! Contact us to find your perfect home.