Is Hammonton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hammonton has remained a Seller's Market.
Housing Prices in Hammonton, NJ
How much do homes in Hammonton, NJ cost?
Median Sold Price
$335,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hammonton was $335,000 in April 2024, up 6.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $167K | +20.1% |
2 Bedrooms | $219.5K | $230K | +4.8% |
3 Bedrooms | $325K | $342.5K | +5.4% |
4 Bedrooms | $355K | $418.1K | +17.8% |
5+ Bedrooms | $465K | $395K | -15.1% |
Summary: Hammonton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.1%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Cities
Waterford Works | $262K | $315K | +20.2% |
Winslow Township | $290K | $309.9K | +6.9% |
Hammonton | $315K | $335K | +6.3% |
Mullica Township | $320K | $340K | +6.3% |
Waterford Township | $330K | $325K | -1.5% |
Housing Supply in Hammonton, NJ
How many homes are available in Hammonton, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 78 | +16.4% |
Summary: The Hammonton real estate market had 78 homes for sale in April 2024, a 16.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 28 | 35 | +25.0% |
4 Bedrooms | 25 | 24 | -4.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Hammonton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Hammonton in April 2024, up by 25.0% month-over-month. Of the 18 sold homes, 67% were sold under asking, 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 41 Days | +14.1% |
Summary: Homes in Hammonton had an average of 41 days on market in Apr 2024, up by 14.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Hammonton; 40% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.