$2,126 Closing Credit*
$179,000
1,110 SqFt
2 Beds
•1 Full Bath
Listing Office: REAL
Is Galloway 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, 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
$293,750
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$108,750(+58.8%)
Key Takeaway
Homes in Galloway Township have sold for 58.8% more than they did a year ago.
Summary: The median home sold price in Galloway Township was $293,750 in October 2024, up 58.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136K | $174K | +27.9% |
| 2 Bedrooms | $165.5K | $216K | +30.5% |
| 3 Bedrooms | $310K | $355K | +14.5% |
| 4 Bedrooms | $397.5K | $449.9K | +13.2% |
| 5+ Bedrooms | $357.2K | $478.7K | +34.0% |
Summary: Galloway Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.9%, 2 bedroom homes increased by 30.5%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 34%.
Median Sold Price Compared To Nearby Cities
| Galloway Township | $185K | $293.7K | +58.8% |
| Brigantine | $452.5K | $595K | +31.5% |
| Absecon | $235K | $307.4K | +30.8% |
| Egg Harbor City | $260K | $298K | +14.6% |
Housing Supply in Galloway Township, NJ
How many homes are available in Galloway Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 175 | 189 | +8.0% |
Summary: The Galloway Township real estate market had 189 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 56 | 68 | +21.4% |
| 3 Bedrooms | 56 | 56 | 0.0% |
| 4 Bedrooms | 36 | 33 | -8.3% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Galloway Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 21.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 50 | +19.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 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. 42.9% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in Galloway Township in October 2024, up by 19.0% month-over-month. Of the 35 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +2.6% |
Summary: Homes in Galloway Township had an average of 21 days on market in Oct 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Galloway Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 50 homes were sold in Galloway Township; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% 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.