$6,175 Closing Credit*
$520,000
2,737 SqFt
4 Beds
•2 Full Baths, 1 Partial
Yosef Beane, Listing Office: Keypoint Realty LLC
Is Galloway Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Galloway Township has remained a Seller's Market.
Key Takeaway
Galloway Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Galloway Township, NJ
How much do homes in Galloway Township, NJ cost?
Median Sold Price
$309,900
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$111,566(+56.3%)
Key Takeaway
Homes in Galloway Township have sold for 56.3% more than they did a year ago.
Summary: The median home sold price in Galloway Township was $309,900 in December 2024, up 56.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $176.5K | +17.7% |
| 2 Bedrooms | $175K | $220K | +25.7% |
| 3 Bedrooms | $315K | $355K | +12.7% |
| 4 Bedrooms | $410K | $449.9K | +9.8% |
| 5+ Bedrooms | $393K | $485K | +23.4% |
Summary: Galloway Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
| Galloway Township | $198.3K | $309.9K | +56.3% |
| Absecon | $237.5K | $314.9K | +32.6% |
| Brigantine | $465K | $600K | +29.0% |
Housing Supply in Galloway Township, NJ
How many homes are available in Galloway Township, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 164 | 154 | -6.1% |
Summary: The Galloway Township real estate market had 154 homes for sale in December 2024, a 6.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 57 | 46 | -19.3% |
| 3 Bedrooms | 50 | 51 | +2.0% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Galloway Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 19.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galloway Township, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Galloway Township in December 2024, up by 5.0% month-over-month. Of the 33 sold homes, 48% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for Galloway Township, NJ
How long does it take to sell a home in Galloway Township, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 30 Days | +17.2% |
Summary: Homes in Galloway Township had an average of 30 days on market in Dec 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Galloway Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 42 homes were sold in Galloway Township; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2025 SJSR MLS. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.