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 October 2021

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.

How much do homes in Hunterdon County, NJ cost?

Median Sold Price

$503,561

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$12,500(+2.5%)

Key Takeaway

Homes in Hunterdon County have sold for 2.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $187K$198K
+5.9%
2 $304.6K$300K
-1.5%
3 $416.2K$442K
+6.2%
4 $630K$650K
+3.2%
5+ $791K$784.9K
-0.8%

Median Sold Price Compared To Nearby Counties

Bucks County
+10.8%
Mercer County
+4.0%
Hunterdon County
+2.5%
Somerset County
-0.6%

How many homes are available in Hunterdon County, NJ?

Number of Homes For Sale

Sep 2022Oct 2022%
689677-1.7%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 3233
+3.1%
2 111112
+0.9%
3 220230
+4.5%
4 246230
-6.5%
5+ 8072
-10.0%

Number of Homes Sold

Sep 2022Oct 2022%
153109-28.8%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

51 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. 46.8% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
105 Days49 Days-52.8%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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.

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

About Hunterdon County, NJ

Hunterdon County, NJ has 677 homes on the market. The number of homes for sale in Hunterdon County, NJ decreased by 1.7% between September 2022 and October 2022. While the average time on the market in October 2022 was 49 days, the median list price was $503,561. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 5.9%, prices of 2 bedrooms properties decreased by 1.5%, the cost of 3 bedrooms properties went up by 6.2%, prices of 4 bedrooms properties went up by 3.2%, 5 bedrooms properties prices decreased by 0.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 3.1%, the quantity of 2 bedrooms homes went up by 0.9%, number of 3 bedrooms homes increased by 4.5%, 4 bedrooms homes inventory decreased by 6.5%, number of 5 bedrooms homes decreased by 10%. In October 2022 more than 51 listings in Hunterdon County, NJ were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 43 were sold below.

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