Is Dunellen, 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, Dunellen has remained a Seller's Market.
Housing Prices in Dunellen, NJ
How much do homes in Dunellen, NJ cost?
Median Sold Price
$495,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dunellen was $495,000 in April 2024, up 21.5% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $202.2K | N/A |
2 Bedrooms | $327.5K | $565K | +72.5% |
3 Bedrooms | $399K | $450K | +12.8% |
4 Bedrooms | $460K | $530K | +15.2% |
5+ Bedrooms | $510K | $515K | +1.0% |
Summary: Dunellen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.5%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 1%.
Median Sold Price Compared To Nearby Cities
Dunellen | $407.4K | $495K | +21.5% |
Dunellen | $451.2K | $515K | +14.1% |
Plainfield | $400K | $443.3K | +10.8% |
Middlesex | $408K | $441.5K | +8.2% |
Green Brook Township | $587.5K | $580K | -1.3% |
Housing Supply in Dunellen, NJ
How many homes are available in Dunellen, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 36 | +12.5% |
Summary: The Dunellen real estate market had 36 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Dunellen housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Dunellen in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.
Days on Market for Dunellen, NJ
How long does it take to sell a home in Dunellen, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 24 Days | +24.7% |
Summary: Homes in Dunellen had an average of 24 days on market in Apr 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Dunellen; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.