Is Alloway Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Alloway Township was a Seller's Market.
Housing Prices in Alloway Township, NJ
How much do homes in Alloway Township, NJ cost?
Median Sold Price
$281,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Alloway Township was $281,000 in February 2024, down 16.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $135K | +28.6% |
2 Bedrooms | $165K | $125K | -24.2% |
3 Bedrooms | $304K | $281K | -7.6% |
4 Bedrooms | $451.5K | $295K | -34.7% |
5+ Bedrooms | - | $320K | N/A |
Summary: Alloway Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 24.2%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 34.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Hopewell Township | $300K | $440.2K | +46.8% |
Upper Deerfield Township | $220.5K | $287.5K | +30.4% |
Alloway Township | $338K | $281K | -16.9% |
Housing Supply in Alloway Township, NJ
How many homes are available in Alloway Township, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Summary: The Alloway Township real estate market had 23 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Alloway Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Alloway Township in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Alloway Township, NJ
How long does it take to sell a home in Alloway Township, NJ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
89 Days | 56 Days | -37.1% |
Summary: Homes in Alloway Township had an average of 56 days on market in Feb 2024, down by 37.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in Alloway Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.