Is Bridgewater Township, 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 Township has remained a Seller's Market.
Housing Prices in Bridgewater Township, NJ
How much do homes in Bridgewater Township, NJ cost?
Median Sold Price
$615,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bridgewater Township was $615,000 in March 2024, up 12.5% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | $290K | +54.7% |
2 Bedrooms | $358K | $408K | +14.0% |
3 Bedrooms | $500K | $553K | +10.6% |
4 Bedrooms | $717.2K | $752.5K | +4.9% |
5+ Bedrooms | $810K | $905.5K | +11.8% |
Summary: Bridgewater Township 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%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 11.8%.
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 Township, NJ
How many homes are available in Bridgewater Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 110 | +22.2% |
Summary: The Bridgewater Township real estate market had 110 homes for sale in March 2024, a 22.2% 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 | 22 | 21 | -4.5% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 34 | 40 | +17.6% |
5+ Bedrooms | 11 | 22 | +100.0% |
Summary: The Bridgewater 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 decreased by 4.5%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Bridgewater Township in March 2024, down by 7.7% month-over-month. Of the 24 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Bridgewater Township, NJ
We’re sorry, we don't have information for this market at the moment