Is Readington Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Readington Township was a Seller's Market.
Key Takeaway
Readington Township 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 Readington Township, NJ
How much do homes in Readington Township, NJ cost?
Median Sold Price
$650,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Readington Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Readington Township was $650,000 in May 2024, up 4.8% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $270K | +28.6% |
| 2 Bedrooms | $426K | $435K | +2.1% |
| 3 Bedrooms | $500K | $560K | +12.0% |
| 4 Bedrooms | $705K | $790K | +12.1% |
| 5+ Bedrooms | $922.5K | $850K | -7.9% |
Summary: Readington Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Branchburg Township | $541.2K | $603.5K | +11.5% |
| Readington Township | $620K | $650K | +4.8% |
| Whitehouse Station | $620K | $645K | +4.0% |
Housing Supply in Readington Township, NJ
How many homes are available in Readington Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 69 | 86 | +24.6% |
Summary: The Readington Township real estate market had 86 homes for sale in May 2024, a 24.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 22 | 33 | +50.0% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Readington Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Readington Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Readington Township in May 2024, up by 55.6% month-over-month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Readington Township, NJ
We’re sorry, we don't have information for this market at the moment
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