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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Egg Harbor Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Egg Harbor Township has remained a Seller's Market.

Key Takeaway

Egg Harbor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Egg Harbor Township, NJ

How much do homes in Egg Harbor Township, NJ cost?

Median Sold Price

$355,000

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+6.0%)

Key Takeaway

Homes in Egg Harbor Township have sold for 6% more than they did a year ago.

Summary: The median home sold price in Egg Harbor Township was $355,000 in November 2024, up 6% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $134K$130K
-3.0%
2 $159K$187.5K
+17.9%
3 $325K$341.5K
+5.1%
4 $459.9K$480K
+4.4%
5+ $480K$562K
+17.1%

Summary: Egg Harbor Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Cities

Linwood
+29.7%
Egg Harbor Township
+6.0%

Housing Supply in Egg Harbor Township, NJ

How many homes are available in Egg Harbor Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
203175-13.8%

Summary: The Egg Harbor Township real estate market had 175 homes for sale in November 2024, a 13.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 97
-22.2%
2 3022
-26.7%
3 7059
-15.7%
4 8070
-12.5%
5+ 1417
+21.4%

Summary: The Egg Harbor Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4450+13.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Egg Harbor Township, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Egg Harbor Township in November 2024, up by 13.6% month-over-month. Of the 38 sold homes, 45% were sold under asking, 26% were sold at asking, and 29% were sold over asking.

Days on Market for Egg Harbor Township, NJ

How long does it take to sell a home in Egg Harbor Township, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
104 Days36 Days-65.6%

Summary: Homes in Egg Harbor Township had an average of 36 days on market in Nov 2024, down by 65.6% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Egg Harbor Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 50 homes were sold in Egg Harbor Township; 60% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% 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 10 Days Ago

Newest Listings in Egg Harbor Township, NJ

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