Is North Brunswick, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Brunswick has remained a Seller's Market.
Housing Prices in North Brunswick, NJ
How much do homes in North Brunswick, NJ cost?
Median Sold Price
$441,666
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Brunswick was $441,666 in May 2024, up 7.5% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200.5K | $230K | +14.7% |
2 Bedrooms | $313K | $350K | +11.8% |
3 Bedrooms | $440K | $510K | +15.9% |
4 Bedrooms | $575K | $628K | +9.2% |
5+ Bedrooms | $665K | $770K | +15.8% |
Summary: North Brunswick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
East Brunswick Township | $485.5K | $561.8K | +15.7% |
East Brunswick | $485K | $555.2K | +14.5% |
Milltown | $440K | $500K | +13.6% |
North Brunswick | $411K | $441.6K | +7.5% |
North Brunswick Township | $412K | $440K | +6.8% |
Housing Supply in North Brunswick, NJ
How many homes are available in North Brunswick, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
111 | 123 | +10.8% |
Summary: The North Brunswick real estate market had 123 homes for sale in May 2024, a 10.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 34 | 43 | +26.5% |
3 Bedrooms | 36 | 40 | +11.1% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The North Brunswick housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in North Brunswick in May 2024, down by 8.3% month-over-month. Of the 22 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for North Brunswick, NJ
How long does it take to sell a home in North Brunswick, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 33 Days | +8.3% |
Summary: Homes in North Brunswick had an average of 33 days on market in May 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in North Brunswick; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.