Is East Amwell Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Amwell Township was a Seller's Market.
Key Takeaway
East Amwell Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Amwell Township, NJ
How much do homes in East Amwell Township, NJ cost?
Median Sold Price
$690,500
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Amwell Township have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in East Amwell Township was $690,500 in May 2024, up 22.2% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232.5K | $385K | +65.6% |
| 3 Bedrooms | $490K | $462.5K | -5.6% |
| 4 Bedrooms | $600K | $780K | +30.0% |
| 5+ Bedrooms | $753K | $706K | -6.2% |
Summary: East Amwell Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.6%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
| East Amwell Township | $565K | $690.5K | +22.2% |
| Delaware Township | $535K | $642.5K | +20.1% |
| Ringoes | $702K | $770K | +9.7% |
| Raritan Township | $500K | $530K | +6.0% |
Housing Supply in East Amwell Township, NJ
How many homes are available in East Amwell Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 32 | +39.1% |
Summary: The East Amwell Township real estate market had 32 homes for sale in May 2024, a 39.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The East Amwell Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Amwell Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in East Amwell Township in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for East Amwell Township, NJ
We’re sorry, we don't have information for this market at the moment
