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How hot is the real estate market? Prices rise to $270K in Camden, $266K in Gloucester – Courier Post

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The median sales price for a single-family home in Camden County during January was $270,000. That’s an increase of 14.9% compared with January 2021, according to a USA TODAY Network localized analysis generated with data from

On a year-over-year basis, prices have been rising for 23 consecutive months. January prices are up from $262,500 the previous month.

The number of houses sold rose by 57% from a year earlier. A total of 793 houses were sold countywide during the month of January. During the same period a year earlier, 505 single-family homes were sold.

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Gloucester County’s median sales price for a single-family home was $266,000, up 9.7% from a year earlier. Prices have been rising for 19 consecutive months on a year-over-year basis. Some 414 houses were sold in January, down 15.7% from a year earlier.

Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through to the USA TODAY Network.

Camden County condominiums and townhomes sold in January had a median sales price of $184,500. That figure represents a 19.8% increase year over year. Some 75 were sold, up 25% from a year earlier.

How hot is Camden and Gloucester counties’ real estate market in New Jersey?

Information on your local housing markets is available through the USA TODAY Network, with more data from

In Camden County the top 10% of the properties sold had prices of at least $430,000, up 8.9% from a year before.

In January, two properties sold for at least $1 million, consisting of two single-family homes.

In Gloucester County the top 10% of the properties sold had prices of at least $470,000, up 11.7% from a year before.

The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Localized versions are generated for communities where the data quality and transaction volume meets and USA TODAY Network standards. The story was written by Sean Lahman.

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