Is Egg Harbor 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, Egg Harbor Township has remained a Seller's Market.
Key Takeaway
Egg Harbor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Egg Harbor Township, NJ
How much do homes in Egg Harbor Township, NJ cost?
Median Sold Price
$377,714
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Egg Harbor Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Egg Harbor Township was $377,714 in May 2024, up 11.1% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122K | $129.5K | +6.1% |
| 2 Bedrooms | $175.5K | $192K | +9.4% |
| 3 Bedrooms | $286K | $345K | +20.6% |
| 4 Bedrooms | $432.5K | $450K | +4.0% |
| 5+ Bedrooms | $430K | $620K | +44.2% |
Summary: Egg Harbor Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 44.2%.
Median Sold Price Compared To Nearby Cities
| Linwood | $365K | $472.5K | +29.5% |
| Somers Point | $340K | $399K | +17.4% |
| Northfield | $300K | $348.5K | +16.2% |
| Egg Harbor Township | $340K | $377.7K | +11.1% |
| Longport | $1.4M | $1.5M | +7.6% |
Housing Supply in Egg Harbor Township, NJ
How many homes are available in Egg Harbor Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 156 | 180 | +15.4% |
Summary: The Egg Harbor Township real estate market had 180 homes for sale in May 2024, a 15.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 32 | 36 | +12.5% |
| 3 Bedrooms | 60 | 61 | +1.7% |
| 4 Bedrooms | 49 | 60 | +22.4% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The Egg Harbor Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 45 | +45.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Egg Harbor Township, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 45 homes were sold or pending in Egg Harbor Township in May 2024, up by 45.2% month-over-month. Of the 29 sold homes, 34% were sold under asking, 17% were sold at asking, and 48% were sold over asking.
Days on Market for Egg Harbor Township, NJ
How long does it take to sell a home in Egg Harbor Township, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 36 Days | -15.4% |
Summary: Homes in Egg Harbor Township had an average of 36 days on market in May 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Egg Harbor Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 45 homes were sold in Egg Harbor Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.