Is Alloway, NJ 08001 a buyer’s or seller’s market?
Alloway is a seller’s market. With about 2.1 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Alloway housing market right now
In the three months ending August 31, 2026, 0% of homes in Alloway, NJ 08001 sold above their list price, the typical home went under contract in 118 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (148 days then) and the median sale price fell 40% to $271,383. Overall, Alloway is more competitive than a year ago, so tougher for buyers.
Within Salem County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Monroeville 08343 (44% sold over asking) and Elmer 08318 (33% sold over asking) are even more competitive.
Run the numbers for 08001
Nearby markets
Deepwater 08023 — /sq ftElmer 08318Seller’s market $198 /sq ftHancocks Bridge 08038 — /sq ftMonroeville 08343Seller’s market $221 /sq ft Browse all markets →Where Alloway is
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Questions about Alloway real estate
Is Alloway a buyer’s or seller’s market?
A seller’s market: there were 2.1 months of supply in Alloway, NJ 08001 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Alloway?
The typical home went under contract in 118 days in the latest three months.
Do homes in Alloway sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Alloway?
About 2.56% of a home’s value a year in Alloway Township, Salem County, or roughly $10,248 on a $400,000 home.
What is the median home price in Alloway?
The median sale price was $271,383 in the three months ending August 31, 2026, about $94 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology