Is Allamuchy Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Allamuchy Township has remained a Seller's Market.
Key Takeaway
Allamuchy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allamuchy Township, NJ
How much do homes in Allamuchy Township, NJ cost?
Median Sold Price
$420,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Allamuchy Township have sold for 9.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $264K | +12.3% |
| 2 Bedrooms | $282.5K | $325K | +15.0% |
| 3 Bedrooms | $440K | $523.5K | +19.0% |
| 4 Bedrooms | $502.6K | $560K | +11.4% |
| 5+ Bedrooms | $617.5K | $775.7K | +25.6% |
Summary: Allamuchy Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 25.6%.
Median Sold Price Compared To Nearby Cities
| Allamuchy Township | $384.9K | $420K | +9.1% |
| Hackettstown | $399K | $435K | +9.0% |
| Independence Township | $325K | $353.2K | +8.7% |
| Mount Olive Township | $500K | $530K | +6.0% |
| Budd Lake | $482.5K | $488K | +1.1% |
Housing Supply in Allamuchy Township, NJ
How many homes are available in Allamuchy Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Summary: The Allamuchy Township real estate market had 21 homes for sale in April 2024, a 23.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Allamuchy Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allamuchy Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Allamuchy Township in April 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Allamuchy Township, NJ
We’re sorry, we don't have information for this market at the moment
