$10,000 Closing Credit*
$2,450,000
4 Beds
•2 Full Baths
Listing Office: NEW ERA REAL ESTATE-D
Is Galloway 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, Galloway Township has remained a Seller's Market.
Key Takeaway
Galloway Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Galloway Township, NJ
How much do homes in Galloway Township, NJ cost?
Median Sold Price
$295,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$99,833(+51.2%)
Key Takeaway
Homes in Galloway Township have sold for 51.2% more than they did a year ago.
Summary: The median home sold price in Galloway Township was $295,000 in November 2024, up 51.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.5K | $174.5K | +23.3% |
| 2 Bedrooms | $168K | $219.5K | +30.7% |
| 3 Bedrooms | $315K | $355K | +12.7% |
| 4 Bedrooms | $400K | $449.9K | +12.5% |
| 5+ Bedrooms | $358.5K | $478.7K | +33.5% |
Summary: Galloway Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 30.7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.5%.
Median Sold Price Compared To Nearby Cities
| Galloway Township | $195.1K | $295K | +51.2% |
| Absecon | $220K | $310K | +40.9% |
| Brigantine | $465K | $600K | +29.0% |
| Egg Harbor City | $260K | $305K | +17.3% |
Housing Supply in Galloway Township, NJ
How many homes are available in Galloway Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 184 | 162 | -12.0% |
Summary: The Galloway Township real estate market had 162 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 68 | 55 | -19.1% |
| 3 Bedrooms | 53 | 48 | -9.4% |
| 4 Bedrooms | 33 | 26 | -21.2% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Galloway Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 21.2%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 40 | -13.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galloway Township, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Galloway Township in November 2024, down by 13.0% month-over-month. Of the 34 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.
Days on Market for Galloway Township, NJ
How long does it take to sell a home in Galloway Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +1.5% |
Summary: Homes in Galloway Township had an average of 33 days on market in Nov 2024, up by 1.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Galloway Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in Galloway Township; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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.