$5,105 Closing Credit*
$429,900
1,928 SqFt
3 Beds
•2 Full Baths
Frank J Hearst, Listing Office: Graham/Hearst Real Estate Company
Is Alloway 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, Alloway Township has remained a Buyer's Market.
Key Takeaway
Alloway Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Alloway Township, NJ
How much do homes in Alloway Township, NJ cost?
Median Sold Price
$311,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,000(+9.1%)
Key Takeaway
Homes in Alloway Township have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Alloway Township was $311,000 in October 2024, up 9.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | - | N/A |
| 2 Bedrooms | $127.5K | $252.5K | +98.0% |
| 3 Bedrooms | $285K | $277K | -2.8% |
| 4 Bedrooms | $337.5K | $479.9K | +42.2% |
| 5+ Bedrooms | $275K | $1.0M | +281.8% |
Summary: Alloway Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 98%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 42.2%, and 5+ bedroom homes increased by 281.8%.
Median Sold Price Compared To Nearby Cities
| Upper Deerfield Township | $270K | $315K | +16.7% |
| Alloway Township | $285K | $311K | +9.1% |
| Hopewell Township | $465K | $389.9K | -16.2% |
Housing Supply in Alloway Township, NJ
How many homes are available in Alloway Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Summary: The Alloway Township real estate market had 13 homes for sale in October 2024, a 44.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Alloway Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alloway Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Alloway Township in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Alloway Township, NJ
How long does it take to sell a home in Alloway Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 32 Days | -61.9% |
Summary: Homes in Alloway Township had an average of 32 days on market in Oct 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Alloway Township has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Alloway Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.