Is Jamesburg, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jamesburg is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Jamesburg has remained a Seller's Market.

Key Takeaway

Jamesburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jamesburg, NJ

How much do homes in Jamesburg, NJ cost?

Median Sold Price

$435,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$58,000(+15.4%)

Key Takeaway

Homes in Jamesburg have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in Jamesburg was $435,000 in September 2024, up 15.4% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $210K$250K
+19.0%
2 $360K$401.9K
+11.7%
3 $380K$430K
+13.2%
4 $465K$515K
+10.8%
5+ $530K$2.0M
+280.2%

Summary: Jamesburg housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 280.2%.

Median Sold Price Compared To Nearby Cities

Monroe Township
+19.6%
Jamesburg
+15.4%

Housing Supply in Jamesburg, NJ

How many homes are available in Jamesburg, NJ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3537+5.7%

Summary: The Jamesburg real estate market had 37 homes for sale in September 2024, a 5.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1713
-23.5%
3 1521
+40.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Jamesburg housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jamesburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Jamesburg in September 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Jamesburg, NJ

How long does it take to sell a home in Jamesburg, NJ?

Average Sale Time

Sep 2023Sep 2024CHANGE
22 Days101 Days+351.1%

Summary: Homes in Jamesburg had an average of 101 days on market in Sep 2024, up by 351.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Jamesburg are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 8 homes were sold in Jamesburg; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Jamesburg, NJ

Nearby Markets to Jamesburg, NJ

What housing markets are near Jamesburg, NJ?