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Featured local agent — Thorofare, NJ
Sarah Mitchell
Compass Real Estate · Thorofare, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Thorofare, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$305,000median sale price
How is the Thorofare, NJ housing market right now?
The median home sale price in Thorofare, NJ is $305,000, down 16.4% year-over-year. Homes sell in an average of 55 days with 9 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Thorofare a buyer's or seller's market?
Thorofare, NJ is currently a balanced market, based on 3.0 months of supply and homes selling in about 55 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
55
Average pace
Active listings
9
3.0 months supply
Sale-to-list
99.5%
Below asking
What does the Thorofare housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $305,000 |
| Median list price | $310,500 |
| Year-over-year price change | -16.4% |
| Average days on market | 55 days |
| Active inventory | 9 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $299/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Listings with a price cut | 11.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Thorofare by property type?
How the Thorofare, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $355,000 | $301/sq ft | 2 | 45 days |
| Condo / Co-op | $300,000 | $198/sq ft | 1 | 58 days |
| Townhouse | $286,000 | $203/sq ft | 1 | 107 days |
Source: Redfin · Updated monthly
The Thorofare housing market is currently classified as a balanced market with a median sale price of $305,000. Prices have fallen 16.4% compared to last year, with homes spending an average of 55 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Thorofare
There are currently 9 homes listed for sale in Thorofare, New Jersey. The median listing price is $311K.
Active listings
9
Homes on market
Median list price
$311K
Avg. days on market
55
Days until sale
New this week
2
Newly listed
Who lives in Thorofare?
Population
2,419
Median income
$87,344/yr
Median age
56.1 years
Owner-occupied
73.0%
College grads
25.6%
Avg commute
35.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Thorofare?
Thorofare is a community of approximately 2K residents with a median age of 56.1 years.The median household income is $87,344, which reflects a relatively affluent area with strong earning potential. 25.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 73.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 35.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Thorofare offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Thorofare, NJ?
Want a head-to-head view? Compare Thorofare side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Thorofare?
The median home sale price in Thorofare is $305,000, down 16.4% from last year.
How long do homes stay on market in Thorofare?
Homes typically spend 55 days on market before going under contract.
What is the median income in Thorofare?
The median household income is $87,344 per year.
Is Thorofare a buyer's or seller's market?
With 3.0 months of supply, Thorofare is currently a balanced market.
What is the median condo price in Thorofare?
The median condo/co-op sale price in Thorofare, NJ is $300,000, compared to $355,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Thorofare?
The median single-family home price in Thorofare, NJ is $355,000 (about $301 per square foot).
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