Is Shamong Township, 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, Shamong Township was a Seller's Market.
Key Takeaway
Shamong Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shamong Township, NJ
How much do homes in Shamong Township, NJ cost?
Median Sold Price
$549,900
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Shamong Township have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Shamong Township was $549,900 in March 2024, up 1.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $343K | N/A |
| 3 Bedrooms | $417.5K | $412.5K | -1.2% |
| 4 Bedrooms | $591.5K | $612.5K | +3.6% |
| 5+ Bedrooms | $637.5K | $656K | +2.9% |
Summary: Shamong Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $260K | $315K | +21.2% |
| Medford | $509K | $545K | +7.1% |
| Waterford Township | $312.5K | $325K | +4.0% |
| Shamong Township | $540.4K | $549.9K | +1.7% |
| Tabernacle Township | $472.5K | $478.5K | +1.3% |
Housing Supply in Shamong Township, NJ
How many homes are available in Shamong Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Shamong Township real estate market had 17 homes for sale in March 2024, a 5.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Shamong Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shamong Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Shamong Township in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Shamong Township, NJ
How long does it take to sell a home in Shamong Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 294 Days | 31 Days | -89.5% |
Summary: Homes in Shamong Township had an average of 31 days on market in Mar 2024, down by 89.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shamong Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Shamong Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.