Is Hunterdon County, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hunterdon County is a neutral's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Hunterdon County was a Seller's Market.

Key Takeaway

Hunterdon County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Hunterdon County, NJ

How much do homes in Hunterdon County, NJ cost?

Median Sold Price

$520,250

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$20,250(+4.0%)

Key Takeaway

Homes in Hunterdon County have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Hunterdon County was $520,250 in January 2024, up 4% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $209K$230K
+10.0%
2 $305.3K$350K
+14.6%
3 $448K$480K
+7.1%
4 $650K$700K
+7.7%
5+ $750K$917.5K
+22.3%

Summary: Hunterdon County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 22.3%.

Median Sold Price Compared To Nearby Counties

Somerset County
+13.3%
Mercer County
+5.5%
Warren County
+5.3%
Hunterdon County
+4.0%
Bucks County
+2.2%

Housing Supply in Hunterdon County, NJ

How many homes are available in Hunterdon County, NJ?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
503481-4.4%

Summary: The Hunterdon County real estate market had 481 homes for sale in January 2024, a 4.4% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 2721
-22.2%
2 9585
-10.5%
3 165155
-6.1%
4 156156
0.0%
5+ 6064
+6.7%

Summary: The Hunterdon County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
11774-36.8%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hunterdon County, you could pay more than the asking price. 48.6% of homes here sold above asking price last month.

Summary: A total of 74 homes were sold or pending in Hunterdon County in January 2024, down by 36.8% month-over-month. Of the 74 sold homes, 35% were sold under asking, 16% were sold at asking, and 49% were sold over asking.

Days on Market for Hunterdon County, NJ

How long does it take to sell a home in Hunterdon County, NJ?

Average Sale Time

Jan 2023Jan 2024CHANGE
70 Days30 Days-56.0%

Summary: Homes in Hunterdon County had an average of 30 days on market in Jan 2024, down by 56% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 74 homes were sold in Hunterdon County; 8% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.

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

Report Updated 29 Days Ago

Newest Listings in Hunterdon County, NJ

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