Is East Brunswick Township, 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, East Brunswick Township has remained a Seller's Market.
Housing Prices in East Brunswick Township, NJ
How much do homes in East Brunswick Township, NJ cost?
Median Sold Price
$556,458
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Brunswick Township was $556,458 in April 2024, up 15.3% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $240K | +29.7% |
2 Bedrooms | $308.2K | $343.5K | +11.5% |
3 Bedrooms | $458.7K | $520K | +13.4% |
4 Bedrooms | $618.3K | $660K | +6.7% |
5+ Bedrooms | $786K | $799K | +1.7% |
Summary: East Brunswick Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
East Brunswick Township | $482.8K | $556.4K | +15.3% |
Milltown | $440K | $505.2K | +14.8% |
East Brunswick | $482K | $549.9K | +14.1% |
Spotswood | $395K | $444.6K | +12.6% |
South River | $425K | $422.5K | -0.6% |
Housing Supply in East Brunswick Township, NJ
How many homes are available in East Brunswick Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
156 | 188 | +20.5% |
Summary: The East Brunswick Township real estate market had 188 homes for sale in April 2024, a 20.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 8 | -27.3% |
2 Bedrooms | 34 | 38 | +11.8% |
3 Bedrooms | 39 | 51 | +30.8% |
4 Bedrooms | 45 | 59 | +31.1% |
5+ Bedrooms | 27 | 32 | +18.5% |
Summary: The East Brunswick Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 39 | -9.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in East Brunswick Township in April 2024, down by 9.3% month-over-month. Of the 39 sold homes, 21% were sold under asking, 10% were sold at asking, and 69% were sold over asking.
Days on Market for East Brunswick Township, NJ
How long does it take to sell a home in East Brunswick Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 28 Days | +24.6% |
Summary: Homes in East Brunswick Township had an average of 28 days on market in Apr 2024, up by 24.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in East Brunswick Township; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.