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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hamilton Township is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Hamilton Township was a Buyer's Market.

Key Takeaway

Hamilton Township 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 Hamilton Township, NJ

How much do homes in Hamilton Township, NJ cost?

Median Sold Price

$365,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,916(+8.3%)

Key Takeaway

Homes in Hamilton Township have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Hamilton Township was $365,000 in February 2024, up 8.3% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $185K$210K
+13.5%
2 $260K$290K
+11.5%
3 $345K$365K
+5.8%
4 $375K$445K
+18.7%
5+ $460K$537.7K
+16.9%

Summary: Hamilton Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 16.9%.

Median Sold Price Compared To Nearby Cities

Bordentown
+15.9%
Bordentown Township
+10.3%
Hamilton Township
+8.3%
Chesterfield Township
+0.9%
Chesterfield
0.0%

Housing Supply in Hamilton Township, NJ

How many homes are available in Hamilton Township, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
291277-4.8%

Summary: The Hamilton Township real estate market had 277 homes for sale in February 2024, a 4.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 5347
-11.3%
3 129127
-1.6%
4 9185
-6.6%
5+ 1616
0.0%

Summary: The Hamilton Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
6741-38.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamilton Township, you could pay more than the asking price. 43.9% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in Hamilton Township in February 2024, down by 38.8% month-over-month. Of the 41 sold homes, 32% were sold under asking, 24% were sold at asking, and 44% were sold over asking.

Days on Market for Hamilton Township, NJ

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

Average Sale Time

Feb 2023Feb 2024CHANGE
31 Days34 Days+10.3%

Summary: Homes in Hamilton Township had an average of 34 days on market in Feb 2024, up by 10.3% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 41 homes were sold in Hamilton Township; 66% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% 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 27 Days Ago

Newest Listings in Hamilton Township, NJ

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