$4,156 Closing Credit*
$350,000
2 Beds
•2 Full Baths
Listing Office: WEICHERT REALTORS
Is Allamuchy Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$487,250
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$101,000(+26.1%)
Key Takeaway
Homes in Allamuchy Township have sold for 26.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $252.5K | -2.9% |
| 2 Bedrooms | $295K | $342.5K | +16.1% |
| 3 Bedrooms | $486.2K | $550K | +13.1% |
| 4 Bedrooms | $515K | $611K | +18.6% |
| 5+ Bedrooms | $735K | $915K | +24.5% |
Summary: Allamuchy Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
| Allamuchy Township | $386.2K | $487.2K | +26.1% |
| Independence Township | $327.6K | $385K | +17.5% |
| Hackettstown | $408.7K | $458.3K | +12.1% |
| Mount Olive Township | $510K | $560K | +9.8% |
| Budd Lake | $490K | $480K | -2.0% |
Housing Supply in Allamuchy Township, NJ
How many homes are available in Allamuchy Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Allamuchy Township real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Allamuchy Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allamuchy Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Allamuchy Township in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
