Is Hammonton, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hammonton has remained a Seller's Market.
Key Takeaway
Hammonton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hammonton, NJ
How much do homes in Hammonton, NJ cost?
Median Sold Price
$340,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hammonton have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Hammonton was $340,000 in May 2024, up 8.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.2K | $169K | +17.2% |
| 2 Bedrooms | $215K | $230K | +7.0% |
| 3 Bedrooms | $323.7K | $355K | +9.7% |
| 4 Bedrooms | $355K | $402K | +13.2% |
| 5+ Bedrooms | $505K | $388.5K | -23.1% |
Summary: Hammonton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $276K | $330K | +19.6% |
| Hammonton | $313.5K | $340K | +8.5% |
| Mullica Township | $325K | $347.4K | +6.9% |
| Winslow Township | $290K | $309.9K | +6.9% |
| Waterford Township | $330K | $327.5K | -0.8% |
Housing Supply in Hammonton, NJ
How many homes are available in Hammonton, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 72 | -15.3% |
Summary: The Hammonton real estate market had 72 homes for sale in May 2024, a 15.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 39 | 25 | -35.9% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Hammonton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 35.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hammonton, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Hammonton in May 2024, down by 17.4% month-over-month. Of the 18 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.
Days on Market for Hammonton, NJ
How long does it take to sell a home in Hammonton, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 40 Days | +86.0% |
Summary: Homes in Hammonton had an average of 40 days on market in May 2024, up by 86% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hammonton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Hammonton; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% 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.