Is Hunterdon County, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hunterdon County was a Seller's Market.
Housing Prices in Hunterdon County, NJ
How much do homes in Hunterdon County, NJ cost?
Median Sold Price
$526,153
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hunterdon County was $526,153 in March 2024, up 3.5% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $240K | +17.1% |
2 Bedrooms | $306.2K | $360K | +17.6% |
3 Bedrooms | $450K | $487.2K | +8.3% |
4 Bedrooms | $660.3K | $725K | +9.8% |
5+ Bedrooms | $753K | $930K | +23.5% |
Summary: Hunterdon County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Counties
Somerset County | $500.8K | $578.1K | +15.4% |
Warren County | $348.5K | $369.6K | +6.1% |
Mercer County | $379.6K | $402.5K | +6.0% |
Hunterdon County | $508.2K | $526.1K | +3.5% |
Bucks County | $445.1K | $459.3K | +3.2% |
Housing Supply in Hunterdon County, NJ
How many homes are available in Hunterdon County, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
497 | 555 | +11.7% |
Summary: The Hunterdon County real estate market had 555 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 26 | +52.9% |
2 Bedrooms | 88 | 89 | +1.1% |
3 Bedrooms | 171 | 186 | +8.8% |
4 Bedrooms | 164 | 185 | +12.8% |
5+ Bedrooms | 57 | 69 | +21.1% |
Summary: The Hunterdon County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 52.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 82 | -1.2% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Hunterdon County in March 2024, down by 1.2% month-over-month. Of the 82 sold homes, 32% were sold under asking, 9% were sold at asking, and 60% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 89 Days | +38.6% |
Summary: Homes in Hunterdon County had an average of 89 days on market in Mar 2024, up by 38.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 82 homes were sold in Hunterdon County; 5% 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.