Is Hamilton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hamilton Township has remained a Seller's Market.
Housing Prices in Hamilton Township, NJ
How much do homes in Hamilton Township, NJ cost?
Median Sold Price
$370,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hamilton Township was $370,000 in May 2024, up 7.6% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $156K | $210K | +34.6% |
2 Bedrooms | $264.2K | $300K | +13.5% |
3 Bedrooms | $350K | $370K | +5.7% |
4 Bedrooms | $394.5K | $445K | +12.8% |
5+ Bedrooms | $455K | $570.2K | +25.3% |
Summary: Hamilton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.6%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 25.3%.
Median Sold Price Compared To Nearby Cities
Bordentown Township | $340K | $390K | +14.7% |
Bordentown | $330K | $376K | +13.9% |
Chesterfield Township | $609.5K | $657.5K | +7.9% |
Chesterfield | $610K | $657.5K | +7.8% |
Hamilton Township | $344K | $370K | +7.6% |
Housing Supply in Hamilton Township, NJ
How many homes are available in Hamilton Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
251 | 279 | +11.2% |
Summary: The Hamilton Township real estate market had 279 homes for sale in May 2024, a 11.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 65 | 73 | +12.3% |
3 Bedrooms | 115 | 132 | +14.8% |
4 Bedrooms | 62 | 63 | +1.6% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Hamilton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 55 | -1.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Hamilton Township in May 2024, down by 1.8% month-over-month. Of the 55 sold homes, 9% were sold under asking, 22% were sold at asking, and 69% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 37 Days | +132.0% |
Summary: Homes in Hamilton Township had an average of 37 days on market in May 2024, up by 132% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 55 homes were sold in Hamilton Township; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.