Is Harrison 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, Harrison Township has remained a Seller's Market.
Housing Prices in Harrison Township, NJ
How much do homes in Harrison Township, NJ cost?
Median Sold Price
$527,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Harrison Township was $527,500 in May 2024, up 4.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $208.5K | -5.2% |
2 Bedrooms | $280K | $309K | +10.4% |
3 Bedrooms | $343.5K | $425K | +23.7% |
4 Bedrooms | $615K | $667.9K | +8.6% |
5+ Bedrooms | $542K | $742.5K | +37.0% |
Summary: Harrison Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 37%.
Median Sold Price Compared To Nearby Cities
Glassboro | $290K | $350K | +20.7% |
Mantua Township | $262.5K | $295K | +12.4% |
Mullica Hill | $519K | $549.9K | +6.0% |
Harrison Township | $506K | $527.5K | +4.2% |
Housing Supply in Harrison Township, NJ
How many homes are available in Harrison Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 58 | +34.9% |
Summary: The Harrison Township real estate market had 58 homes for sale in May 2024, a 34.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 7 | 12 | +71.4% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Harrison 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 20%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Harrison Township in May 2024, up by 50.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Harrison Township, NJ
How long does it take to sell a home in Harrison Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 34 Days | +35.9% |
Summary: Homes in Harrison Township had an average of 34 days on market in May 2024, up by 35.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Harrison Township; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.