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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Hamilton Township has remained a Seller's Market.

Key Takeaway

Hamilton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hamilton Township, NJ

How much do homes in Hamilton Township, NJ cost?

Median Sold Price

$294,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$49,000(+20.0%)

Key Takeaway

Homes in Hamilton Township have sold for 20% more than they did a year ago.

Summary: The median home sold price in Hamilton Township was $294,000 in November 2024, up 20% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112.2K$149K
+32.7%
2 $210K$222.5K
+6.0%
3 $299.9K$330K
+10.0%
4 $375K$430.5K
+14.8%
5+ $649.9K$469.5K
-27.8%

Summary: Hamilton Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 27.8%.

Median Sold Price Compared To Nearby Cities

Hamilton Township
+20.0%
Mays Landing
+17.0%

Housing Supply in Hamilton Township, NJ

How many homes are available in Hamilton Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
123128+4.1%

Summary: The Hamilton Township real estate market had 128 homes for sale in November 2024, a 4.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 3840
+5.3%
3 5356
+5.7%
4 2824
-14.3%
5+ 36
+100.0%

Summary: The Hamilton Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2225+13.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hamilton Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Hamilton Township in November 2024, up by 13.6% month-over-month. Of the 22 sold homes, 45% were sold under asking, 14% were sold at asking, and 41% 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

Nov 2023Nov 2024CHANGE
24 Days25 Days+3.7%

Summary: Homes in Hamilton Township had an average of 25 days on market in Nov 2024, up by 3.7% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 25 homes were sold in Hamilton Township; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% 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 8 Days Ago

Newest Listings in Hamilton Township, NJ

Nearby Markets to Hamilton Township, NJ

What housing markets are near Hamilton Township, NJ?