Is Bedminster, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bedminster was a Seller's Market.
Key Takeaway
Bedminster 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 Bedminster, NJ
How much do homes in Bedminster, NJ cost?
Median Sold Price
$442,500
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bedminster have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Bedminster was $442,500 in April 2024, up 4.1% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $300K | +11.1% |
| 2 Bedrooms | $398K | $430K | +8.0% |
| 3 Bedrooms | $550K | $628K | +14.2% |
| 4 Bedrooms | $775K | $942.4K | +21.6% |
| 5+ Bedrooms | $1.5M | $999.9K | -35.5% |
Summary: Bedminster housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 35.5%.
Median Sold Price Compared To Nearby Cities
| Far Hills | $1.2M | $1.4M | +17.8% |
| Bedminster | $425K | $442.5K | +4.1% |
| Bedminster Township | $427.5K | $445K | +4.1% |
Housing Supply in Bedminster, NJ
How many homes are available in Bedminster, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 50 | +35.1% |
Summary: The Bedminster real estate market had 50 homes for sale in April 2024, a 35.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 21 | 27 | +28.6% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Bedminster housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 120%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedminster, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Bedminster in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Bedminster, NJ
We’re sorry, we don't have information for this market at the moment
