Is Harrison Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harrison Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Harrison Township has remained a Seller's Market.

Key Takeaway

Harrison Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Harrison Township, NJ

How much do homes in Harrison Township, NJ cost?

Median Sold Price

$567,195

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$62,695(+12.4%)

Key Takeaway

Homes in Harrison Township have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Harrison Township was $567,195 in November 2024, up 12.4% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$249.2K
+18.7%
2 $314.5K$415K
+32.0%
3 $429K$382.5K
-10.8%
4 $650K$685K
+5.4%
5+ $595K$907.5K
+52.5%

Summary: Harrison Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 32%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 52.5%.

Median Sold Price Compared To Nearby Cities

Elk Township
+39.6%
Glassboro
+20.3%
Mantua Township
+13.2%
Harrison Township
+12.4%
Mullica Hill
+8.0%

Housing Supply in Harrison Township, NJ

How many homes are available in Harrison Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5561+10.9%

Summary: The Harrison Township real estate market had 61 homes for sale in November 2024, a 10.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 89
+12.5%
3 1310
-23.1%
4 2226
+18.2%
5+ 1215
+25.0%

Summary: The Harrison Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harrison Township, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Harrison Township in November 2024, up by 22.2% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.

Days on Market for Harrison Township, NJ

How long does it take to sell a home in Harrison Township, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days38 Days+40.6%

Summary: Homes in Harrison Township had an average of 38 days on market in Nov 2024, up by 40.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Harrison Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Harrison Township; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Harrison Township, NJ

Nearby Markets to Harrison Township, NJ

What housing markets are near Harrison Township, NJ?