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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Harrison Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, South Harrison Township has remained a Buyer's Market.

Key Takeaway

South Harrison Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in South Harrison Township, NJ

How much do homes in South Harrison Township, NJ cost?

Median Sold Price

$600,000

$229/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$301,515(+101.0%)

Key Takeaway

Homes in South Harrison Township have sold for 101% more than they did a month ago.

Summary: The median home sold price in South Harrison Township was $600,000 in November 2024, up 101% from last month, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $298.4K-
N/A
4 -$600K
N/A
5+ --
N/A

Summary: South Harrison Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in South Harrison Township, NJ

How many homes are available in South Harrison Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1416+14.3%

Summary: The South Harrison Township real estate market had 16 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 35
+66.7%
4 1111
0.0%
5+ 00
0.0%

Summary: The South Harrison 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 increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Harrison Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in South Harrison Township in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for South Harrison Township, NJ

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

Average Sale Time

Oct 2024Nov 2024CHANGE
16 Days42 Days+162.5%

Summary: Homes in South Harrison Township had an average of 42 days on market in Nov 2024, up by 162.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in South Harrison Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in South Harrison Township, NJ

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