Is Bedminster 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, Bedminster Township has remained a Seller's Market.
Housing Prices in Bedminster Township, NJ
How much do homes in Bedminster Township, NJ cost?
Median Sold Price
$467,500
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bedminster Township was $467,500 in May 2024, up 8.7% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257K | $299K | +16.3% |
2 Bedrooms | $399K | $435K | +9.0% |
3 Bedrooms | $550K | $622.5K | +13.2% |
4 Bedrooms | $775K | $912.5K | +17.7% |
5+ Bedrooms | $1.7M | $999.9K | -41.2% |
Summary: Bedminster Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 41.2%.
Median Sold Price Compared To Nearby Cities
Tewksbury Township | $745K | $866.5K | +16.3% |
Bedminster | $425K | $467.5K | +10.0% |
Bedminster Township | $430K | $467.5K | +8.7% |
Housing Supply in Bedminster Township, NJ
How many homes are available in Bedminster Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 54 | +10.2% |
Summary: The Bedminster Township real estate market had 54 homes for sale in May 2024, a 10.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 26 | 29 | +11.5% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bedminster Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Bedminster Township in May 2024, up by 87.5% month-over-month. Of the 15 sold homes, 13% were sold under asking, 13% were sold at asking, and 73% were sold over asking.
Days on Market for Bedminster Township, NJ
How long does it take to sell a home in Bedminster Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 11 Days | +120.0% |
Summary: Homes in Bedminster Township had an average of 11 days on market in May 2024, up by 120% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Bedminster Township; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.