Is Hamilton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Hamilton Township was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $210K | +13.5% |
2 Bedrooms | $260K | $290K | +11.5% |
3 Bedrooms | $345K | $365K | +5.8% |
4 Bedrooms | $375K | $445K | +18.7% |
5+ Bedrooms | $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 | $321.6K | $373K | +15.9% |
Bordentown Township | $340K | $375K | +10.3% |
Hamilton Township | $337K | $365K | +8.3% |
Chesterfield Township | $609.5K | $615K | +0.9% |
Chesterfield | $610K | $610K | 0.0% |
Housing Supply in Hamilton Township, NJ
How many homes are available in Hamilton Township, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
291 | 277 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 53 | 47 | -11.3% |
3 Bedrooms | 129 | 127 | -1.6% |
4 Bedrooms | 91 | 85 | -6.6% |
5+ Bedrooms | 16 | 16 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
67 | 41 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
31 Days | 34 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
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.