Is Alloway Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Alloway Township was a Buyer's Market.
Key Takeaway
Alloway Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alloway Township, NJ
How much do homes in Alloway Township, NJ cost?
Median Sold Price
$285,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Alloway Township have sold for 21.1% less than they did a year ago.
Summary: The median home sold price in Alloway Township was $285,000 in April 2024, down 21.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $130K | $125K | -3.8% |
| 3 Bedrooms | $357.5K | $277K | -22.5% |
| 4 Bedrooms | $440K | $347.5K | -21.0% |
| 5+ Bedrooms | $230K | $685K | +197.8% |
Summary: Alloway Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 22.5%, 4 bedroom homes decreased by 21%, and 5+ bedroom homes increased by 197.8%.
Median Sold Price Compared To Nearby Cities
| Hopewell Township | $300K | $447.6K | +49.2% |
| Upper Deerfield Township | $241K | $299K | +24.1% |
| Alloway Township | $361.2K | $285K | -21.1% |
Housing Supply in Alloway Township, NJ
How many homes are available in Alloway Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Alloway Township real estate market had 13 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Alloway Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alloway Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Alloway Township in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Alloway Township, NJ
How long does it take to sell a home in Alloway Township, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 78 Days | 56 Days | -28.2% |
Summary: Homes in Alloway Township had an average of 56 days on market in Apr 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Alloway Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Alloway Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
