Is a $350k Budget Realistic for Purchasing a Home in South Jersey?

If you’re considering buying a home in South Jersey with a $350k budget, the good news is that it’s absolutely possible — but the type of home you can afford depends on your location, property type, and must-have features. Based on recent sales, here’s a look at what $350,000 can get you in different parts of the region.

What Homes Are Selling for Around $350K?

Recent sales in South Jersey indicate that buyers in this price range have multiple options, including condos, townhouses, and even some single-family homes. Here’s a breakdown of what’s recently sold:

• Marlton, NJ (Condo) – $359,000 | 2 Beds | 1.5 Baths | 1,297 sqft

• Collingswood, NJ (Townhouse) – $300,000 | 3 Beds | 1.5 Baths | 1,120 sqft

• Mt. Laurel, NJ (Condo) – $335,000 | 3 Beds | 2.5 Baths | 1,764 sqft

• Mt. Laurel, NJ (Townhouse) – $360,000 | 3 Beds | 2.5 Baths | 1,488 sqft

• Medford, NJ (Townhouse) – $330,000 | 3 Beds | 1.5 Baths | 1,563 sqft

• Medford, NJ (Townhouse) – $350,000 | 3 Beds | 2 Baths | 1,604 sqft

• Ocean City, NJ (Condo) – $390,000 | 1 Bed | 1 Bath | 780 sqft

• Egg Harbor Twp, NJ (Single Family Home) – $365,000 | 3 Beds | 3.5 Baths | 1,650 sqft

• Hammonton, NJ (Single Family Home) – $331,500 | 7,300 sqft lot

• Cherry Hill, NJ (Single Family Home) – $350,000 | 3 Beds | 2 Baths | 1,001 sqft | 6,251 sqft lot

• Southampton, NJ (Single Family Home) – $350,000 | 2 Beds | 2 Baths | 1,750 sqft | 5,663 sqft lot

• Laurel Springs, NJ (Single Family Home) – $350,000 | 4 Beds | 2 Baths | 2,068 sqft | 9,374 sqft lot

Key Takeaways

1. Condo and Townhouse Options Are Plentiful – Buyers in this price range will find a variety of condos and townhouses in desirable locations like Marlton, Mt. Laurel, Medford, Collingswood, Cherry Hill and beyond. Many of these homes offer 2-3 bedrooms, multiple baths, and updated interiors.

2. Single-Family Homes Are Available in Select Areas – If you’re looking for a detached home, you have still have options in the $350k range in South Jersey, but you may need to compromise on items like location or expect to make improvements to the home.

3. Oceanside Living Comes at a Premium – While $350K can get you a comfortable home inland, coastal locations like Ocean City push prices higher. A one-bedroom condo recently sold for $390,000, which shows the premium on beachside properties.

Is This Budget Right for You?

Your home search will depend on your priorities. If you’re looking for newer construction, ample space, and suburban convenience, townhouses and condos in South Jersey suburbs are strong contenders. If a detached home is a must, you may need to expand your search to areas where land is more affordable.

With the right strategy and flexibility, $350K remains a realistic budget for purchasing a home in South Jersey. Ready to start your search? Get in touch with the Zielinski Real Estate Group for guidance on finding the best home within your budget! Call/text us at 856-264-8671 or e-mail Scott@zhomesrealestate.com.