Is Bedminster Township, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bedminster Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Bedminster Township, NJ

How much do homes in Bedminster Township, NJ cost?

Median Sold Price

$440,000

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$19,000(+4.5%)

Key Takeaway

Homes in Bedminster Township have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Bedminster Township was $440,000 in February 2024, up 4.5% from last year, and the median price per square foot was $404.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $275K$270K
-1.8%
2 $390K$430K
+10.3%
3 $542.9K$641K
+18.1%
4 $775K$845K
+9.0%
5+ $1.9M$1.5M
-18.4%

Summary: Bedminster Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 18.4%.

Median Sold Price Compared To Nearby Cities

Tewksbury Township
+12.5%
Bedminster
+5.3%
Bedminster Township
+4.5%

Housing Supply in Bedminster Township, NJ

How many homes are available in Bedminster Township, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2531+24.0%

Summary: The Bedminster Township real estate market had 31 homes for sale in February 2024, a 24.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 1416
+14.3%
3 55
0.0%
4 35
+66.7%
5+ 23
+50.0%

Summary: The Bedminster Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bedminster Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Bedminster Township in February 2024, up by 100.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.

Days on Market for Bedminster Township, NJ

We’re sorry, we don't have information for this market at the moment

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

Report Updated 28 Days Ago

Newest Listings in Bedminster Township, NJ

Nearby Markets to Bedminster Township, NJ

What housing markets are near Bedminster Township, NJ?