Is Readington Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Readington Township has remained a Buyer's Market.
Key Takeaway
Readington Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Readington Township, NJ
How much do homes in Readington Township, NJ cost?
Median Sold Price
$640,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Readington Township have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Readington Township was $640,000 in April 2024, up 4.1% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $245K | +16.7% |
| 2 Bedrooms | $425K | $435K | +2.4% |
| 3 Bedrooms | $510K | $550K | +7.8% |
| 4 Bedrooms | $700K | $780K | +11.4% |
| 5+ Bedrooms | $887.5K | $910K | +2.5% |
Summary: Readington Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Branchburg Township | $536.9K | $605K | +12.7% |
| Readington Township | $615K | $640K | +4.1% |
| Neshanic Station | $710K | $640K | -9.9% |
Housing Supply in Readington Township, NJ
How many homes are available in Readington Township, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 72 | +30.9% |
Summary: The Readington Township real estate market had 72 homes for sale in April 2024, a 30.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 18 | 27 | +50.0% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Readington Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Readington Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Readington Township in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Readington Township, NJ
How long does it take to sell a home in Readington Township, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Readington Township has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Readington Township; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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. 
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