$3,562 Closing Credit*
$299,999
2 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX TOWN & VALLEY
Is Allamuchy Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Allamuchy Township has remained a Seller's Market.
Key Takeaway
Allamuchy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allamuchy Township, NJ
How much do homes in Allamuchy Township, NJ cost?
Median Sold Price
$435,000
-
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$36,300(+9.1%)
Key Takeaway
Homes in Allamuchy Township have sold for 9.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $264K | +5.6% |
| 2 Bedrooms | $295K | $335.5K | +13.7% |
| 3 Bedrooms | $440K | $540K | +22.7% |
| 4 Bedrooms | $453K | $607K | +34.0% |
| 5+ Bedrooms | $685.7K | $915K | +33.4% |
Summary: Allamuchy Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 33.4%.
Median Sold Price Compared To Nearby Cities
| Independence Township | $318.7K | $412K | +29.3% |
| Hackettstown | $403.7K | $465K | +15.2% |
| Mount Olive Township | $505K | $557.5K | +10.4% |
| Allamuchy Township | $398.7K | $435K | +9.1% |
| Budd Lake | $465K | $482.5K | +3.8% |
Housing Supply in Allamuchy Township, NJ
How many homes are available in Allamuchy Township, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Summary: The Allamuchy Township real estate market had 21 homes for sale in August 2024, a 25.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Allamuchy Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allamuchy Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Allamuchy Township in August 2024, down by 58.3% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Allamuchy Township, NJ
We’re sorry, we don't have information for this market at the moment
