Is Cranbury, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cranbury has remained a Seller's Market.
Key Takeaway
Cranbury is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Cranbury, NJ cost?
Median Sold Price
$1,117,500
$325/sqft
Based on all homes sold in January 2023.
Difference Since Last Month
+$532,500(+91.0%)
Key Takeaway
Homes in Cranbury have sold for 91% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $452.5K | - | N/A |
| 2 Bedrooms | $430K | - | N/A |
| 3 Bedrooms | $585K | - | N/A |
| 4 Bedrooms | $624.5K | $1.1M | +78.9% |
| 5+ Bedrooms | $715K | - | N/A |
How many homes are available in Cranbury, NJ?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 22 | 19 | -13.6% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cranbury, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Average Sale Time
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 32 Days | 89 Days | +178.7% |
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cranbury are selling fast, if you're buying plan to act quickly.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2023, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.