$4,038 Closing Credit*
$340,000
1,703 SqFt
2 Beds
•2 Full Baths
Gregory J Davis, Listing Office: VRA Realty
Is Hamilton 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, Hamilton Township has remained a Seller's Market.
Key Takeaway
Hamilton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamilton Township, NJ
How much do homes in Hamilton Township, NJ cost?
Median Sold Price
$295,333
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$56,833(+23.8%)
Key Takeaway
Homes in Hamilton Township have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in Hamilton Township was $295,333 in October 2024, up 23.8% 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 | $109.5K | $149K | +36.1% |
| 2 Bedrooms | $205K | $225K | +9.8% |
| 3 Bedrooms | $295K | $330K | +11.9% |
| 4 Bedrooms | $357.5K | $431K | +20.6% |
| 5+ Bedrooms | $649.9K | $469.5K | -27.8% |
Summary: Hamilton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.1%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 27.8%.
Median Sold Price Compared To Nearby Cities
| Hamilton Township | $238.5K | $295.3K | +23.8% |
| Mays Landing | $234.9K | $285K | +21.3% |
Housing Supply in Hamilton Township, NJ
How many homes are available in Hamilton Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 133 | +15.7% |
Summary: The Hamilton Township real estate market had 133 homes for sale in October 2024, a 15.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 27 | 37 | +37.0% |
| 3 Bedrooms | 55 | 57 | +3.6% |
| 4 Bedrooms | 24 | 33 | +37.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Hamilton Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamilton Township, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Hamilton Township in October 2024, down by 13.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% were sold over asking.
Days on Market for Hamilton Township, NJ
How long does it take to sell a home in Hamilton Township, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 36 Days | +80.4% |
Summary: Homes in Hamilton Township had an average of 36 days on market in Oct 2024, up by 80.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamilton Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Hamilton Township; 60% of homes were sold within 30 days, 32% 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. 
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.