North Hanover Township Housing Market Report December 2024•Burlington County, New Jersey

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Housing Prices in North Hanover Township, NJ

How much do homes in North Hanover Township, NJ cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

North Hanover Township is a Buyer's Market

Difference Since November 2024

Last month, North Hanover Township was a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$774,900$187/SqFt
+$414,900
+115.3%

Based on all homes sold in December 2024

Insight

Homes in North Hanover Township have sold for 115.3% more than they did a month ago.

Summary: The median home sold price in North Hanover Township was $774,900 in December 2024, up 115.3% from last month, and the median price per square foot was $187.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1--
N/A
3$360K-
N/A
2$102K-
N/A
4$635K$774.9K
+22.0%
5--
N/A

Summary: North Hanover Township housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 4 bedroom homes increased by +22.0%. The home price for 5 bedroom homes did not change.

Housing supply in North Hanover Township, NJ

How many homes are available in North Hanover Township, NJ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
12Last MonthDec 2024
182 months agoNov 2024
-33.3 %
Change MoMNov – Dec

Summary: The North Hanover Township real estate market had 12 homes for sale in Dec 2024, a 33.3 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthDec 2024
52 months agoNov 2024
-80.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
352
-60.0%
242
-50.0%
476
-14.3%
522
0.0%

Summary: North Hanover Township housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -60.0%. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 4 bedroom homes decreased by -14.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in North Hanover Township, NJ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

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

Summary: A total of 1 homes were sold or pending in North Hanover Township in December 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.

Days on Market for North Hanover Township, NJ

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

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

Summary: During December 2024, 1 homes were sold in North Hanover 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
10 DaysLast MonthDec 2024
21 Days1 month agoNov 2024
-52.4 %
Change MoMNov – Dec

Summary: Homes in North Hanover Township had an average listing age of 10 days in Dec 2024, down by 52.4% compared to the previous month.

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Newest Listings in North Hanover Township, NJ

What homes are available in North Hanover Township, NJ?

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MLS Disclaimers and Copyright

Based on information from BrightMLS, and Monmouth Ocean Regional MLS for the period 11/01/2024 - 01/01/2025

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:24:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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 © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.