Hamilton Park, NJ Real Estate

In May 2025, Hamilton Park’s housing market saw a dramatic surge in home prices, with the median sale price skyrocketing 120.5% year-over-year to $1.4M. This sharp increase suggests a significant shift toward higher-end or luxury property sales dominating the market. Homes are also selling faster, averaging 20 days on the market compared to 28 days last year, reflecting strong buyer demand for premium listings. However, sales volume dropped by half, with only 7 homes sold this May versus 14 last year, likely due to limited inventory or fewer transactions in the luxury segment. Overall, the market remains highly competitive, with buyers acting quickly despite fewer available properties.

Hamilton Park is somewhat competitive, with homes typically going pending in about 74 days. While the overall pace is slower, some properties—particularly those priced well or in desirable locations—still attract multiple offers. On average, homes sell for around 3% below list price, giving buyers more negotiating power. However, hot homes can sell for about 1% above asking and go under contract in as little as 28 days, indicating that well-presented, move-in-ready properties continue to generate strong interest despite the longer average market time.

In June 2025, Hamilton Park is experiencing a balanced market, where the supply of homes roughly matches the demand from buyers. This equilibrium allows both buyers and sellers to have a fair negotiating position, with neither side having a distinct advantage. As a result, the market is stable, and home prices and sales conditions are more predictable.