Will Home Prices Crash in Mount Laurel, NJ? What the Experts Forecast for Buyers

If you're thinking about buying a home in Mount Laurel, NJ, chances are you've heard two very different conversations. Some people are worried home prices are about to crash. Others are hoping they will. A recent survey from Clever found that 58% of Gen Z buyers are rooting for a crash, simply because it would make owning a home feel more realistic. So what do the forecasts really show?

What the Latest Home Price Forecasts Say

Every quarter, Fannie Mae surveys more than 100 housing experts about where home prices are headed. The newest results are not predicting a crash. Not even the most pessimistic experts on the panel.

The panel expects prices to rise every year through at least 2030, with an average forecast of 14.7% growth over the next 5 years. Even looking only at the pessimists, they still expect prices to climb about 6.6% by the end of 2030.

The takeaway? If you've been holding off on buying in Mount Laurel until prices drop, you could be waiting a long time. These are national numbers, and local markets can run hotter or cooler, which is why it's worth knowing what's happening right here in Burlington County. But the big picture is clear: prices aren't crashing, and historically they tend to go up over time.

How the Housing Market Outlook Has Shifted

Because this survey happens 4 times a year, it's easy to see how expert opinion changes. A year ago, the panel expected prices to rise 2.1% this year. Now they're forecasting 2.5%, so the short-term outlook has actually improved. Looking further out to 2027 through 2029, expectations have cooled slightly, with each year now projected to see a little less growth than predicted a year ago.

Still, every single year in the forecast shows prices going up. The pace has just eased a bit, and that's not a bad thing. It's a sign the market is settling into a healthier, more normal rhythm after a few wild years.

What This Means for Your Move to Mount Laurel

Percentages are helpful, but what really matters is how this affects your wallet. Say you buy a $400,000 home in January. Based on the panel's latest forecast, you could gain about $58,000 in equity over 5 years from price growth alone.

That's real wealth you could be building in a community like Mount Laurel, with its convenient commute to Philadelphia, easy access to major highways, and well-established neighborhoods, while others sit on the sidelines waiting for a crash the experts don't expect. If prices keep rising as forecast, waiting could mean paying more later for the same home.

Bottom Line

Whether you're bracing for a crash or hoping for one, the experts agree prices are expected to keep rising, not fall. If you're thinking about buying a home in Mount Laurel, let's talk about what's happening in our local market and how it fits your plans.

Ready to make the smart move? Contact Jacki and Stan Smoyer, The Smart Move at Weichert Premier, at 856.296.7226 or jacki@thesmartmove.com.