$6,352 Closing Credit*
$534,900
2,707 SqFt
4 Beds
•2 Full Baths, 1 Partial
Carolyn Jane Grant-Damminger, Listing Office: Better Homes and Gardens Real Estate Maturo
Is Egg Harbor 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, Egg Harbor Township has remained a Seller's Market.
Key Takeaway
Egg Harbor Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Egg Harbor Township, NJ
How much do homes in Egg Harbor Township, NJ cost?
Median Sold Price
$345,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,100(+9.2%)
Key Takeaway
Homes in Egg Harbor Township have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Egg Harbor Township was $345,000 in October 2024, up 9.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $130K | 0.1% |
| 2 Bedrooms | $158K | $187K | +18.4% |
| 3 Bedrooms | $310K | $338K | +9.0% |
| 4 Bedrooms | $459.9K | $473.5K | +2.9% |
| 5+ Bedrooms | $478K | $566K | +18.4% |
Summary: Egg Harbor Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Linwood | $349.9K | $429.9K | +22.9% |
| Egg Harbor Township | $315.9K | $345K | +9.2% |
| Somers Point | $427.4K | $417K | -2.4% |
Housing Supply in Egg Harbor Township, NJ
How many homes are available in Egg Harbor Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 191 | 207 | +8.4% |
Summary: The Egg Harbor Township real estate market had 207 homes for sale in October 2024, a 8.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 30 | 30 | 0.0% |
| 3 Bedrooms | 64 | 74 | +15.6% |
| 4 Bedrooms | 72 | 79 | +9.7% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Egg Harbor 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 15.6%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 46 | +24.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Egg Harbor Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Egg Harbor Township in October 2024, up by 24.3% month-over-month. Of the 36 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.
Days on Market for Egg Harbor Township, NJ
How long does it take to sell a home in Egg Harbor Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 33 Days | -17.1% |
Summary: Homes in Egg Harbor Township had an average of 33 days on market in Oct 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Egg Harbor Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 46 homes were sold in Egg Harbor Township; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.