$3,473 Closing Credit*
$292,500
638 SqFt
1 Bed
•1 Full Bath
Listing Office: REALTY EXECUTIVES MOUNTAIN PROP.
Is Hamburg, 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, 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
$370,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+12.1%)
Key Takeaway
Homes in Hamburg have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Hamburg was $370,000 in November 2024, up 12.1% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $215K | +11.7% |
| 2 Bedrooms | $296.2K | $325K | +9.7% |
| 3 Bedrooms | $374.9K | $427.5K | +14.0% |
| 4 Bedrooms | $442K | $498.7K | +12.8% |
| 5+ Bedrooms | $615K | $765K | +24.4% |
Summary: Hamburg housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 24.4%.
Median Sold Price Compared To Nearby Cities
| Franklin | $283K | $360K | +27.2% |
| Hamburg | $330K | $370K | +12.1% |
| Hardyston Township | $366.7K | $392.4K | +7.0% |
Housing Supply in Hamburg, NJ
How many homes are available in Hamburg, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 59 | -20.3% |
Summary: The Hamburg real estate market had 59 homes for sale in November 2024, a 20.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 21 | 15 | -28.6% |
| 3 Bedrooms | 28 | 22 | -21.4% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hamburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 11 | -56.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamburg, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Hamburg in November 2024, down by 56.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for Hamburg, NJ
How long does it take to sell a home in Hamburg, NJ?
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 Hamburg has remained consistent over time.
Summary: During November 2024, 11 homes were sold in Hamburg; 0% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.