Is Hamburg, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hamburg was a Seller's Market.
Key Takeaway
Hamburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hamburg, NJ
How much do homes in Hamburg, NJ cost?
Median Sold Price
$340,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hamburg have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Hamburg was $340,000 in April 2024, up 6.3% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $195K | +21.9% |
| 2 Bedrooms | $269.9K | $315K | +16.7% |
| 3 Bedrooms | $355K | $395K | +11.3% |
| 4 Bedrooms | $430K | $457.5K | +6.4% |
| 5+ Bedrooms | $534K | $697.5K | +30.6% |
Summary: Hamburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 30.6%.
Median Sold Price Compared To Nearby Cities
| Franklin | $261K | $325K | +24.5% |
| Hardyston Township | $340K | $381K | +12.1% |
| Hamburg | $319.9K | $340K | +6.3% |
Housing Supply in Hamburg, NJ
How many homes are available in Hamburg, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 80 | +37.9% |
Summary: The Hamburg real estate market had 80 homes for sale in April 2024, a 37.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 16 | 24 | +50.0% |
| 3 Bedrooms | 23 | 34 | +47.8% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hamburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 47.8%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamburg, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Hamburg in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for Hamburg, NJ
We’re sorry, we don't have information for this market at the moment
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.