Is Cranbury, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cranbury is a 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

# BEDSDec 2022Jan 2023%
1 $452.5K-
N/A
2 $430K-
N/A
3 $585K-
N/A
4 $624.5K$1.1M
+78.9%
5+ $715K-
N/A

How many homes are available in Cranbury, NJ?

Number of Homes For Sale

Dec 2022Jan 2023%
2219-13.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 21
-50.0%
2 32
-33.3%
3 44
0.0%
4 77
0.0%
5+ 65
-16.7%

Number of Homes Sold

Dec 2022Jan 2023%
94-55.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Jan 2023%
32 Days89 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cranbury are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cranbury, NJ

Cranbury, NJ has 19 homes for sale to choose from. Between December 2022 and January 2023, Cranbury, NJ real estate market has seen decrease in the number of listings by 13.6%. In January 2023 median list price was $1,117,500 and the average listing age was 89 days. From January 2022 through January 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went up by 0%, prices of 4 bedrooms properties increased by 78.9%, prices of 5 bedrooms properties went up by 0%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 50%, 2 bedrooms homes became 33.3% less available, 3 bedrooms homes inventory did not change, the quantity of 4 bedrooms homes have not changed, volume of 5 bedrooms homes went down by 16.7%. Cranbury, NJ housing market in January 2023 saw over 0 listings sold above listed price, more than 2 sold at listed price and over 2 sold below.

Related Housing Market Reports