Is Allamuchy Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$410,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Allamuchy Township have sold for 6.5% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $262K | +11.5% |
| 2 Bedrooms | $285K | $322.5K | +13.2% |
| 3 Bedrooms | $440K | $500K | +13.6% |
| 4 Bedrooms | $530K | $552.5K | +4.2% |
| 5+ Bedrooms | $617.5K | $775.7K | +25.6% |
Summary: Allamuchy Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 25.6%.
Median Sold Price Compared To Nearby Cities
| Budd Lake | $455K | $505K | +11.0% |
| Independence Township | $320K | $351.2K | +9.8% |
| Hackettstown | $401.2K | $430K | +7.2% |
| Allamuchy Township | $384.9K | $410K | +6.5% |
| Mount Olive Township | $500K | $530K | +6.0% |
Housing Supply in Allamuchy Township, NJ
How many homes are available in Allamuchy Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Allamuchy Township real estate market had 18 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Allamuchy Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allamuchy Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Allamuchy Township in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% 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
