Is Egg Harbor Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Egg Harbor Township has remained a Seller's Market.
Housing Prices in Egg Harbor Township, NJ
How much do homes in Egg Harbor Township, NJ cost?
Median Sold Price
$375,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Egg Harbor Township was $375,000 in April 2024, up 8.9% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $130K | +9.2% |
2 Bedrooms | $174K | $188K | +8.0% |
3 Bedrooms | $287K | $339K | +18.1% |
4 Bedrooms | $435K | $445K | +2.3% |
5+ Bedrooms | $424K | $609.9K | +43.8% |
Summary: Egg Harbor Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 43.8%.
Median Sold Price Compared To Nearby Cities
Linwood | $378.5K | $449.5K | +18.8% |
Somers Point | $349.2K | $385K | +10.2% |
Egg Harbor Township | $344.5K | $375K | +8.9% |
Northfield | $320K | $336.7K | +5.2% |
Housing Supply in Egg Harbor Township, NJ
How many homes are available in Egg Harbor Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
146 | 152 | +4.1% |
Summary: The Egg Harbor Township real estate market had 152 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 26 | 33 | +26.9% |
3 Bedrooms | 59 | 57 | -3.4% |
4 Bedrooms | 47 | 47 | 0.0% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Egg Harbor Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 32 | -22.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Egg Harbor Township in April 2024, down by 22.0% month-over-month. Of the 27 sold homes, 56% were sold under asking, 7% were sold at asking, and 37% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 21 Days | -57.5% |
Summary: Homes in Egg Harbor Township had an average of 21 days on market in Apr 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Egg Harbor Township; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.