$4,263 Closing Credit*
$359,000
2 Beds
•2 Full Baths
Listing Office: EXIT REALTY CONNECTIONS
Is Allamuchy Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$445,000
-
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+11.9%)
Key Takeaway
Homes in Allamuchy Township have sold for 11.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $264K | +1.5% |
| 2 Bedrooms | $312K | $340K | +9.0% |
| 3 Bedrooms | $490K | $550K | +12.2% |
| 4 Bedrooms | $515K | $611K | +18.6% |
| 5+ Bedrooms | $825K | - | N/A |
Summary: Allamuchy Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Independence Township | $330.1K | $385K | +16.6% |
| Allamuchy Township | $397.5K | $445K | +11.9% |
| Mount Olive Township | $517K | $570K | +10.3% |
| Hackettstown | $415K | $455K | +9.6% |
| Budd Lake | $495K | $505K | +2.0% |
Housing Supply in Allamuchy Township, NJ
How many homes are available in Allamuchy Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Allamuchy Township real estate market had 24 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 6 | 2 | -66.7% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Allamuchy Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allamuchy Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Allamuchy Township in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
