Is Hammonton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hammonton was a Seller's Market.
Key Takeaway
Hammonton 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 Hammonton, NJ
How much do homes in Hammonton, NJ cost?
Median Sold Price
$339,900
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hammonton have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Hammonton was $339,900 in March 2024, up 7.9% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | $162.5K | +28.0% |
| 2 Bedrooms | $205K | $230K | +12.2% |
| 3 Bedrooms | $322.5K | $350K | +8.5% |
| 4 Bedrooms | $355K | $411.2K | +15.9% |
| 5+ Bedrooms | $425K | $408.3K | -3.9% |
Summary: Hammonton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $260K | $315K | +21.2% |
| Mullica Township | $310K | $335K | +8.1% |
| Winslow Township | $286.7K | $309.9K | +8.1% |
| Hammonton | $315K | $339.9K | +7.9% |
| Waterford Township | $312.5K | $325K | +4.0% |
Housing Supply in Hammonton, NJ
How many homes are available in Hammonton, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 99 | 97 | -2.0% |
Summary: The Hammonton real estate market had 97 homes for sale in March 2024, a 2.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 39 | 36 | -7.7% |
| 4 Bedrooms | 42 | 39 | -7.1% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Hammonton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hammonton, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Hammonton in March 2024, up by 36.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Hammonton, NJ
How long does it take to sell a home in Hammonton, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 36 Days | -0.8% |
Summary: Homes in Hammonton had an average of 36 days on market in Mar 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hammonton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Hammonton; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.