Is Bridgewater, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bridgewater has remained a Seller's Market.
Key Takeaway
Bridgewater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bridgewater, NJ
How much do homes in Bridgewater, NJ cost?
Median Sold Price
$615,625
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bridgewater have sold for 14% more than they did a year ago.
Summary: The median home sold price in Bridgewater was $615,625 in March 2024, up 14% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $290K | +54.7% |
| 2 Bedrooms | $359K | $410K | +14.2% |
| 3 Bedrooms | $500K | $551.5K | +10.3% |
| 4 Bedrooms | $720K | $770K | +6.9% |
| 5+ Bedrooms | $775K | $910K | +17.4% |
Summary: Bridgewater housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.7%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Somerville | $445K | $530K | +19.1% |
| Raritan | $432K | $500K | +15.7% |
| Bridgewater | $539.8K | $615.6K | +14.0% |
| Bridgewater Township | $546.7K | $615K | +12.5% |
| Martinsville | $750K | $715K | -4.7% |
Housing Supply in Bridgewater, NJ
How many homes are available in Bridgewater, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 93 | +16.3% |
Summary: The Bridgewater real estate market had 93 homes for sale in March 2024, a 16.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 9 | 18 | +100.0% |
Summary: The Bridgewater 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 decreased by 15%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgewater, you could pay more than the asking price. 68.2% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Bridgewater in March 2024, down by 4.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 0% were sold at asking, and 68% were sold over asking.
Days on Market for Bridgewater, NJ
We’re sorry, we don't have information for this market at the moment
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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.