Is Hamilton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hamilton Township has remained a Seller's Market.
Housing Prices in Hamilton Township, NJ
How much do homes in Hamilton Township, NJ cost?
Median Sold Price
$299,712
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hamilton Township was $299,712 in May 2024, up 17.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $104K | $125K | +20.2% |
2 Bedrooms | $195K | $214.9K | +10.2% |
3 Bedrooms | $281K | $318K | +13.2% |
4 Bedrooms | $350K | $410K | +17.1% |
5+ Bedrooms | $372.5K | $540.5K | +45.1% |
Summary: Hamilton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 45.1%.
Median Sold Price Compared To Nearby Cities
Hamilton Township | $255.6K | $299.7K | +17.2% |
Mays Landing | $259.1K | $291.5K | +12.5% |
Housing Supply in Hamilton Township, NJ
How many homes are available in Hamilton Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
119 | 108 | -9.2% |
Summary: The Hamilton Township real estate market had 108 homes for sale in May 2024, a 9.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 28 | 29 | +3.6% |
3 Bedrooms | 53 | 44 | -17.0% |
4 Bedrooms | 32 | 29 | -9.4% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hamilton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 20 | -45.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Hamilton Township in May 2024, down by 45.9% month-over-month. Of the 15 sold homes, 47% were sold under asking, 7% were sold at asking, and 47% were sold over asking.
Days on Market for Hamilton Township, NJ
How long does it take to sell a home in Hamilton Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 39 Days | -23.5% |
Summary: Homes in Hamilton Township had an average of 39 days on market in May 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Hamilton Township; 75% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.