Is Hamilton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hamilton Township has remained a Seller's Market.
Housing Prices in Hamilton Township, NJ
How much do homes in Hamilton Township, NJ cost?
Median Sold Price
$299,474
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hamilton Township was $299,474 in March 2024, up 19.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.5K | $115K | +9.0% |
2 Bedrooms | $180.5K | $220K | +21.9% |
3 Bedrooms | $268.5K | $302.7K | +12.7% |
4 Bedrooms | $362.2K | $400K | +10.4% |
5+ Bedrooms | $365K | $540.5K | +48.1% |
Summary: Hamilton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 48.1%.
Median Sold Price Compared To Nearby Cities
Hamilton Township | $250K | $299.4K | +19.8% |
Mays Landing | $250K | $293.4K | +17.4% |
Weymouth Township | $345K | $288.5K | -16.4% |
Housing Supply in Hamilton Township, NJ
How many homes are available in Hamilton Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
149 | 150 | +0.7% |
Summary: The Hamilton Township real estate market had 150 homes for sale in March 2024, a 0.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 36 | 28 | -22.2% |
3 Bedrooms | 66 | 74 | +12.1% |
4 Bedrooms | 38 | 39 | +2.6% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Hamilton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Hamilton Township in March 2024, down by 12.5% month-over-month. Of the 24 sold homes, 42% were sold under asking, 13% were sold at asking, and 46% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 44 Days | -32.7% |
Summary: Homes in Hamilton Township had an average of 44 days on market in Mar 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Hamilton Township; 61% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.