Is Bound Brook, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bound Brook was a Buyer's Market.
Housing Prices in Bound Brook, NJ
How much do homes in Bound Brook, NJ cost?
Median Sold Price
$441,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bound Brook was $441,000 in April 2024, up 7.6% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $278.5K | $315K | +13.1% |
3 Bedrooms | $393.4K | $434.5K | +10.4% |
4 Bedrooms | $453K | $549.5K | +21.3% |
5+ Bedrooms | $535K | $802.5K | +50.0% |
Summary: Bound Brook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
Bridgewater | $544K | $616.8K | +13.4% |
Bridgewater Township | $550.2K | $618.7K | +12.5% |
Middlesex | $408K | $441.5K | +8.2% |
Bound Brook | $410K | $441K | +7.6% |
South Bound Brook | $377.4K | $399K | +5.7% |
Housing Supply in Bound Brook, NJ
How many homes are available in Bound Brook, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 28 | +47.4% |
Summary: The Bound Brook real estate market had 28 homes for sale in April 2024, a 47.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Bound Brook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Bound Brook in April 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Bound Brook, NJ
How long does it take to sell a home in Bound Brook, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Bound Brook; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.