$7,897 Closing Credit*
$665,000
2,768 SqFt
4 Beds
•2 Full Baths, 1 Partial
Thomas Critchley, Listing Office: BHHS Fox & Roach-Margate
Is Shamong Township, 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, Shamong Township has remained a Buyer's Market.
Key Takeaway
Shamong Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shamong Township, NJ
How much do homes in Shamong Township, NJ cost?
Median Sold Price
$525,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+0.6%)
Key Takeaway
Homes in Shamong Township have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Shamong Township was $525,000 in November 2024, up 0.6% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $411K | +49.5% |
| 3 Bedrooms | $412.5K | $466K | +13.0% |
| 4 Bedrooms | $575K | $630K | +9.6% |
| 5+ Bedrooms | $625K | $607.5K | -2.8% |
Summary: Shamong Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.5%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $290K | $339K | +16.9% |
| Medford | $520K | $578K | +11.2% |
| Tabernacle Township | $460K | $505K | +9.8% |
| Waterford Township | $325K | $341K | +4.9% |
| Shamong Township | $522K | $525K | +0.6% |
Housing Supply in Shamong Township, NJ
How many homes are available in Shamong Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The Shamong Township real estate market had 25 homes for sale in November 2024, a 13.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Shamong Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shamong Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Shamong Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Shamong Township, NJ
How long does it take to sell a home in Shamong Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 6 Days | -52.0% |
Summary: Homes in Shamong Township had an average of 6 days on market in Nov 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shamong Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Shamong Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.