Is Piscataway 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, Piscataway Township has remained a Seller's Market.
Housing Prices in Piscataway Township, NJ
How much do homes in Piscataway Township, NJ cost?
Median Sold Price
$485,166
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Piscataway Township was $485,166 in April 2024, up 7.2% from last year, and the median price per square foot was $307.
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 | $474K | +5.3% |
4 Bedrooms | $552K | $589K | +6.7% |
5+ Bedrooms | $615K | $675K | +9.8% |
Summary: Piscataway Township 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 5.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 9.8%.
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 Township, NJ
How many homes are available in Piscataway Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
92 | 115 | +25.0% |
Summary: The Piscataway Township real estate market had 115 homes for sale in April 2024, a 25.0% 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 | 24 | +33.3% |
3 Bedrooms | 38 | 40 | +5.3% |
4 Bedrooms | 23 | 30 | +30.4% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Piscataway Township 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 33.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 26 | +30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Piscataway Township in April 2024, up by 30.0% month-over-month. Of the 26 sold homes, 15% were sold under asking, 0% were sold at asking, and 85% were sold over asking.
Days on Market for Piscataway Township, NJ
How long does it take to sell a home in Piscataway Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 33 Days | -14.9% |
Summary: Homes in Piscataway Township had an average of 33 days on market in Apr 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Piscataway Township; 58% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.