Is East Amwell Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, East Amwell Township was a Neutral Market.
Key Takeaway
East Amwell Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Amwell Township, NJ
How much do homes in East Amwell Township, NJ cost?
Median Sold Price
$690,500
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Amwell Township have sold for 20.1% more than they did a year ago.
Summary: The median home sold price in East Amwell Township was $690,500 in March 2024, up 20.1% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232.5K | - | N/A |
| 3 Bedrooms | $512.5K | $445K | -13.2% |
| 4 Bedrooms | $598.4K | $767.5K | +28.2% |
| 5+ Bedrooms | $753K | $706K | -6.2% |
Summary: East Amwell Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
| West Amwell Township | $483K | $615K | +27.3% |
| East Amwell Township | $575K | $690.5K | +20.1% |
| Ringoes | $690K | $745K | +8.0% |
| Raritan Township | $495K | $511.1K | +3.3% |
Housing Supply in East Amwell Township, NJ
How many homes are available in East Amwell Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The East Amwell Township real estate market had 24 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Amwell 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Amwell Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in East Amwell Township in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for East Amwell Township, NJ
We’re sorry, we don't have information for this market at the moment
