Is Piscataway, 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, Piscataway has remained a Seller's Market.
Housing Prices in Piscataway, NJ
How much do homes in Piscataway, NJ cost?
Median Sold Price
$490,025
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Piscataway was $490,025 in April 2024, up 8.1% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $280K | +27.3% |
2 Bedrooms | $350K | $400K | +14.3% |
3 Bedrooms | $450K | $475.7K | +5.7% |
4 Bedrooms | $552K | $589K | +6.7% |
5+ Bedrooms | $615K | $683.5K | +11.1% |
Summary: Piscataway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
Dunellen | $407.4K | $495K | +21.5% |
South Plainfield | $450K | $515K | +14.4% |
Middlesex | $408K | $441.5K | +8.2% |
Piscataway | $453.2K | $490K | +8.1% |
Piscataway Township | $452.4K | $485.1K | +7.2% |
Housing Supply in Piscataway, NJ
How many homes are available in Piscataway, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 113 | +24.2% |
Summary: The Piscataway real estate market had 113 homes for sale in April 2024, a 24.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 37 | 39 | +5.4% |
4 Bedrooms | 23 | 30 | +30.4% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Piscataway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Piscataway in April 2024, up by 25.0% month-over-month. Of the 25 sold homes, 16% were sold under asking, 0% were sold at asking, and 84% were sold over asking.
Days on Market for Piscataway, NJ
How long does it take to sell a home in Piscataway, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 32 Days | -15.5% |
Summary: Homes in Piscataway had an average of 32 days on market in Apr 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Piscataway; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.