Is Bordentown Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bordentown Township was a Seller's Market.
Key Takeaway
Bordentown Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bordentown Township, NJ
How much do homes in Bordentown Township, NJ cost?
Median Sold Price
$375,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bordentown Township have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Bordentown Township was $375,000 in March 2024, up 10.3% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | $270K | $300K | +11.1% |
| 3 Bedrooms | $330K | $376K | +13.9% |
| 4 Bedrooms | $522.5K | $469.9K | -10.1% |
| 5+ Bedrooms | $547.5K | $500K | -8.7% |
Summary: Bordentown Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Bordentown | $321.6K | $371.2K | +15.4% |
| Bordentown Township | $340K | $375K | +10.3% |
| Hamilton Township | $340K | $366.3K | +7.7% |
| Chesterfield Township | $639.9K | $600K | -6.2% |
Housing Supply in Bordentown Township, NJ
How many homes are available in Bordentown Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 60 | +22.4% |
Summary: The Bordentown Township real estate market had 60 homes for sale in March 2024, a 22.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Bordentown Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bordentown Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Bordentown Township in March 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Bordentown Township, NJ
How long does it take to sell a home in Bordentown Township, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 24 Days | -16.1% |
Summary: Homes in Bordentown Township had an average of 24 days on market in Mar 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bordentown Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Bordentown Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.