Is Alloway Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alloway Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Alloway Township was a Seller's Market.

Key Takeaway

Alloway Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$57,000(-16.9%)

Key Takeaway

Homes in Alloway Township have sold for 16.9% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $105K$135K
+28.6%
2 $165K$125K
-24.2%
3 $304K$281K
-7.6%
4 $451.5K$295K
-34.7%
5+ -$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
+46.8%
Upper Deerfield Township
+30.4%
Alloway Township
-16.9%

Housing Supply in Alloway Township, NJ

How many homes are available in Alloway Township, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
23230.0%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1212
0.0%
4 22
0.0%
5+ 33
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 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alloway Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
89 Days56 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Alloway Township has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Alloway Township, NJ

Nearby Markets to Alloway Township, NJ

What housing markets are near Alloway Township, NJ?