$4,036 Closing Credit*
$339,900
2 Beds
•1 Full Bath, 1 Partial
Listing Office: ADDISON REAL ESTATE
Is Hamburg, 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, Hamburg has remained a Seller's Market.
Key Takeaway
Hamburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamburg, NJ
How much do homes in Hamburg, NJ cost?
Median Sold Price
$366,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,000(+10.9%)
Key Takeaway
Homes in Hamburg have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Hamburg was $366,000 in October 2024, up 10.9% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $215K | +19.4% |
| 2 Bedrooms | $285.5K | $325K | +13.8% |
| 3 Bedrooms | $374.9K | $425K | +13.3% |
| 4 Bedrooms | $435K | $540K | +24.1% |
| 5+ Bedrooms | $615K | $765K | +24.4% |
Summary: Hamburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Franklin | $277.3K | $350K | +26.2% |
| Hamburg | $330K | $366K | +10.9% |
| Hardyston Township | $365K | $392.4K | +7.5% |
Housing Supply in Hamburg, NJ
How many homes are available in Hamburg, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 85 | -4.5% |
Summary: The Hamburg real estate market had 85 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 27 | 22 | -18.5% |
| 3 Bedrooms | 34 | 33 | -2.9% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hamburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamburg, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Hamburg in October 2024, up by 21.1% month-over-month. Of the 23 sold homes, 22% were sold under asking, 22% were sold at asking, and 57% were sold over asking.
Days on Market for Hamburg, NJ
We’re sorry, we don't have information for this market at the moment
