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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ewing Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Ewing Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Ewing Township, NJ

How much do homes in Ewing Township, NJ cost?

Median Sold Price

$340,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$35,000(+11.5%)

Key Takeaway

Homes in Ewing Township have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Ewing Township was $340,000 in May 2024, up 11.5% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $650K$185K
-71.5%
2 $260K$270K
+3.8%
3 $313.5K$350K
+11.6%
4 $330.7K$365K
+10.4%
5+ $405K$360K
-11.1%

Summary: Ewing Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 11.1%.

Median Sold Price Compared To Nearby Cities

Trenton
+27.2%
Ewing Township
+11.5%
Lawrence Township
+7.4%
Washington Crossing
-3.3%
Titusville
-4.5%

Housing Supply in Ewing Township, NJ

How many homes are available in Ewing Township, NJ?

Number of Homes For Sale

Apr 2024May 2024CHANGE
104127+22.1%

Summary: The Ewing Township real estate market had 127 homes for sale in May 2024, a 22.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1719
+11.8%
3 4148
+17.1%
4 4052
+30.0%
5+ 57
+40.0%

Summary: The Ewing 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 increased by 11.8%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2212-45.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ewing Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Ewing Township in May 2024, down by 45.5% month-over-month. Of the 12 sold homes, 8% were sold under asking, 17% were sold at asking, and 75% were sold over asking.

Days on Market for Ewing Township, NJ

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

Average Sale Time

May 2023May 2024CHANGE
19 Days10 Days-46.7%

Summary: Homes in Ewing Township had an average of 10 days on market in May 2024, down by 46.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 12 homes were sold in Ewing Township; 92% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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