Is Shamong Township, 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, Shamong Township has remained a Neutral Market.
Key Takeaway
Shamong Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Shamong Township, NJ
How much do homes in Shamong Township, NJ cost?
Median Sold Price
$530,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shamong Township have sold for 2% more than they did a year ago.
Summary: The median home sold price in Shamong Township was $530,500 in May 2024, up 2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $343K | N/A |
| 3 Bedrooms | $400K | $428K | +7.0% |
| 4 Bedrooms | $572K | $620K | +8.4% |
| 5+ Bedrooms | $625K | $625.5K | 0.1% |
Summary: Shamong Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Waterford Works | $276K | $330K | +19.6% |
| Medford | $501K | $550K | +9.8% |
| Tabernacle Township | $455K | $497.9K | +9.4% |
| Shamong Township | $520K | $530.5K | +2.0% |
| Waterford Township | $330K | $327.5K | -0.8% |
Housing Supply in Shamong Township, NJ
How many homes are available in Shamong Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Summary: The Shamong Township real estate market had 12 homes for sale in May 2024, a 25.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Shamong Township housing inventory by bedroom type for May 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 decreased by 10%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were 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 2 homes were sold or pending in Shamong Township in May 2024, down by 50.0% month-over-month. Of the 2 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 10 Days | -20.0% |
Summary: Homes in Shamong Township had an average of 10 days on market in May 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
2 Homes Were 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 May 2024, 2 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.
