South Jersey Real Estate Update: Prices Up $47K… But Payments Only Up $50?

If you’ve been watching the South Jersey real estate market from the sidelines, you’re not alone.

Between interest rate headlines and rising home values, many buyers and sellers in Audubon, Haddon Township, Collingswood, Oaklyn, Barrington, Haddonfield, Cherry Hill, Moorestown and the nearby Philly suburbs are left wondering:

Did I miss it?

Let’s break down what’s actually happening with the market with real numbers and real context.

How Home Prices Have Shifted (2023 to Now)

Here’s a reality check:

In 2023, the average home price in Burlington County and Camden County was about $355,000.

By the end of 2025, that average had climbed to approximately $402,000.

That’s nearly a $50,000 increase in just two years.

If you own a home in Audubon or one of the surrounding towns, this increase likely means significantly more equity than you realize.

Here’s the Part People Miss

Even though prices have climbed nearly $50,000 …

Monthly mortgage payments haven’t skyrocketed like you might think.

Why?

Because interest rates have come down since their highs.

As of yesterday, the average rate on a 30-year fixed mortgage was 5.99%.

And that has a huge impact.

Even with the higher prices, monthly payments are only about $50 more per month than they were two years ago for the average buyer.

That’s powerful and counterintuitive. And it changes the story many people tell themselves about being “priced out.”

What This Means for Sellers in South Jersey

If you’re sitting on the sidelines as a homeowner in Audubon, Haddonfield, Collingswood, or Cherry Hill thinking you “missed the peak” you may want to think again.

You are likely sitting on more equity than ever. And that equity gives you options.

Yes, there are more homes on the market now than in the height of the frenzy. Yes, there are price reductions happening. But market dynamics are not a free fall.

What we’re seeing instead is a more balanced market with real buyer activity not just bidding wars.

The key for sellers right now is positioning, pricing, and strategy. That’s where a local expert makes all the difference.

What This Means for Buyers in Burlington and Camden County

If you’re trying to buy a home in South Jersey right now, the narrative might surprise you:

You have more choices. You have more negotiating power. You still have strong buying power thanks to the adjustment in rates.

Yes, prices are higher. Yes, rates are near 6%. But when you look at the actual monthly payment impact, the move from 2023 to today isn’t nearly as dramatic as you might think.

Inventory is up compared to the frenzy years. That means more opportunities rather than less.

The Bottom Line for 2026 in South Jersey Real Estate

Prices are up.Rates are down from their peak. Monthly payments are more stable than most people realize.

This is not a crash market. It is not a frenzy market.

It is a strategy market.

If you are thinking about selling, upgrading, downsizing or buying your first home in Audubon or the surrounding South Jersey towns, the smartest first step is running the numbers for your specific situation.

On my blog website, you can:

• Download my South Jersey Buyer Guide

• Download my Seller Strategy Guide

• Schedule a one on one strategy call

Every situation is different. The right plan depends on your equity, timing and long term goals.

If you are READY to talk through it, let’s build your game plan.

Rachel Kivlen

Community Ave Real Estate Group

Serving Audubon, South Jersey, Philly, and Philly suburbs.=