Is Dunellen, 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, Dunellen has remained a Seller's Market.
Housing Prices in Dunellen, NJ
How much do homes in Dunellen, NJ cost?
Median Sold Price
$461,250
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Dunellen was $461,250 in March 2024, up 13.9% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $202.2K | N/A |
2 Bedrooms | $320K | $360.5K | +12.7% |
3 Bedrooms | $400K | $430K | +7.5% |
4 Bedrooms | $452.5K | $515K | +13.8% |
5+ Bedrooms | $520K | $510K | -1.9% |
Summary: Dunellen 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 12.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
Dunellen | $405K | $461.2K | +13.9% |
Dunellen | $449.5K | $505K | +12.3% |
Plainfield | $400K | $440K | +10.0% |
Middlesex | $405.5K | $440K | +8.5% |
Green Brook Township | $570K | $570K | 0.0% |
Housing Supply in Dunellen, NJ
How many homes are available in Dunellen, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 34 | +30.8% |
Summary: The Dunellen real estate market had 34 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Dunellen 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 increased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Dunellen in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Dunellen, NJ
How long does it take to sell a home in Dunellen, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 43 Days | +316.1% |
Summary: Homes in Dunellen had an average of 43 days on market in Mar 2024, up by 316.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Dunellen; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.