Is Dunellen, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$515,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Dunellen was $515,000 in April 2024, up 14.1% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $202.2K | N/A |
2 Bedrooms | $335K | $445K | +32.8% |
3 Bedrooms | $414.5K | $485K | +17.0% |
4 Bedrooms | $580K | $567.5K | -2.2% |
5+ Bedrooms | $800K | $715K | -10.6% |
Summary: Dunellen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.8%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
Dunellen | $407.4K | $495K | +21.5% |
North Plainfield | $390K | $456K | +16.9% |
Dunellen | $451.2K | $515K | +14.1% |
Middlesex | $408K | $441.5K | +8.2% |
Green Brook Township | $587.5K | $580K | -1.3% |
Housing Supply in Dunellen, NJ
How many homes are available in Dunellen, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 53 | +8.2% |
Summary: The Dunellen real estate market had 53 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Dunellen housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 15.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Dunellen in April 2024, up by 50.0% month-over-month. Of the 15 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 22 Days | +15.0% |
Summary: Homes in Dunellen had an average of 22 days on market in Apr 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Dunellen; 33% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.