Is Branchburg 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, Branchburg Township was a Seller's Market.
Housing Prices in Branchburg Township, NJ
How much do homes in Branchburg Township, NJ cost?
Median Sold Price
$602,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Branchburg Township was $602,000 in March 2024, up 13.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $140K | N/A |
2 Bedrooms | $341K | $405K | +18.8% |
3 Bedrooms | $490K | $565K | +15.3% |
4 Bedrooms | $675K | $732.5K | +8.5% |
5+ Bedrooms | $677.5K | $999.9K | +47.6% |
Summary: Branchburg 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 18.8%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 47.6%.
Median Sold Price Compared To Nearby Cities
Branchburg Township | $531K | $602K | +13.4% |
Hillsborough Township | $473.7K | $535K | +12.9% |
Readington Township | $617.5K | $640K | +3.6% |
Neshanic Station | $697K | $675K | -3.2% |
Housing Supply in Branchburg Township, NJ
How many homes are available in Branchburg Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 37 | +27.6% |
Summary: The Branchburg Township real estate market had 37 homes for sale in March 2024, a 27.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Branchburg Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Branchburg Township in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Branchburg Township, NJ
How long does it take to sell a home in Branchburg Township, 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 March 2024, 6 homes were sold in Branchburg Township; 17% 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.