Is South Brunswick Township, 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, South Brunswick Township has remained a Seller's Market.
Housing Prices in South Brunswick Township, NJ
How much do homes in South Brunswick Township, NJ cost?
Median Sold Price
$610,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Brunswick Township was $610,000 in May 2024, up 15.1% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $247K | +17.6% |
2 Bedrooms | $337.5K | $375K | +11.1% |
3 Bedrooms | $490K | $550K | +12.2% |
4 Bedrooms | $690K | $745K | +8.0% |
5+ Bedrooms | $750K | $870K | +16.0% |
Summary: South Brunswick Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
South Brunswick Township | $530K | $610K | +15.1% |
Franklin Park | $327.5K | $375K | +14.5% |
Monmouth Junction | $465K | $530K | +14.0% |
Dayton | $500.5K | $550K | +9.9% |
Kendall Park | $571K | $622.5K | +9.0% |
Housing Supply in South Brunswick Township, NJ
How many homes are available in South Brunswick Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 127 | +18.7% |
Summary: The South Brunswick Township real estate market had 127 homes for sale in May 2024, a 18.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 41 | 46 | +12.2% |
4 Bedrooms | 33 | 43 | +30.3% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The South Brunswick Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 24 | -11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in South Brunswick Township in May 2024, down by 11.1% month-over-month. Of the 24 sold homes, 8% were sold under asking, 8% were sold at asking, and 83% were sold over asking.
Days on Market for South Brunswick Township, NJ
How long does it take to sell a home in South Brunswick Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 23 Days | -56.0% |
Summary: Homes in South Brunswick Township had an average of 23 days on market in May 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
17 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, 24 homes were sold in South Brunswick Township; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.