Is Hamilton Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hamilton Township has remained a Seller's Market.
Housing Prices in Hamilton Township, NJ
How much do homes in Hamilton Township, NJ cost?
Median Sold Price
$370,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hamilton Township was $370,000 in April 2024, up 8.8% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $205K | +20.6% |
2 Bedrooms | $264.2K | $300K | +13.5% |
3 Bedrooms | $348.5K | $367K | +5.3% |
4 Bedrooms | $384K | $455K | +18.5% |
5+ Bedrooms | $495K | $540K | +9.1% |
Summary: Hamilton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
Bordentown | $325K | $375K | +15.4% |
Bordentown Township | $340K | $378K | +11.2% |
Hamilton Township | $340K | $370K | +8.8% |
Chesterfield Township | $622.5K | $645.9K | +3.8% |
Chesterfield | $635K | $645.9K | +1.7% |
Housing Supply in Hamilton Township, NJ
How many homes are available in Hamilton Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
232 | 239 | +3.0% |
Summary: The Hamilton Township real estate market had 239 homes for sale in April 2024, a 3.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 53 | 60 | +13.2% |
3 Bedrooms | 112 | 109 | -2.7% |
4 Bedrooms | 56 | 60 | +7.1% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Hamilton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 13.2%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 53 | -11.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in Hamilton Township in April 2024, down by 11.7% month-over-month. Of the 53 sold homes, 17% were sold under asking, 13% were sold at asking, and 70% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 23 Days | +49.3% |
Summary: Homes in Hamilton Township had an average of 23 days on market in Apr 2024, up by 49.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 53 homes were sold in Hamilton Township; 79% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.