Is Hunterdon County, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Hunterdon County has remained a Seller's Market.
Key Takeaway
Hunterdon County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hunterdon County, NJ
How much do homes in Hunterdon County, NJ cost?
Median Sold Price
$540,333
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Hunterdon County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Hunterdon County was $540,333 in June 2024, up 6.8% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $250K | +19.0% |
| 2 Bedrooms | $321.3K | $380K | +18.3% |
| 3 Bedrooms | $450K | $509.6K | +13.3% |
| 4 Bedrooms | $660K | $747K | +13.2% |
| 5+ Bedrooms | $751.5K | $975K | +29.7% |
Summary: Hunterdon County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Counties
| Somerset County | $515.7K | $593.2K | +15.0% |
| Mercer County | $379.4K | $417.4K | +10.0% |
| Hunterdon County | $505.7K | $540.3K | +6.8% |
| Warren County | $351.7K | $375K | +6.6% |
| Bucks County | $449.4K | $466.8K | +3.9% |
Housing Supply in Hunterdon County, NJ
How many homes are available in Hunterdon County, NJ?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 652 | 723 | +10.9% |
Summary: The Hunterdon County real estate market had 723 homes for sale in June 2024, a 10.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 27 | +22.7% |
| 2 Bedrooms | 95 | 100 | +5.3% |
| 3 Bedrooms | 202 | 211 | +4.5% |
| 4 Bedrooms | 251 | 286 | +13.9% |
| 5+ Bedrooms | 82 | 99 | +20.7% |
Summary: The Hunterdon County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 20.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 129 | 143 | +10.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
91 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hunterdon County, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 143 homes were sold or pending in Hunterdon County in June 2024, up by 10.9% month-over-month. Of the 143 sold homes, 21% were sold under asking, 15% were sold at asking, and 64% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 45 Days | 47 Days | +4.0% |
Summary: Homes in Hunterdon County had an average of 47 days on market in Jun 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hunterdon County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 143 homes were sold in Hunterdon County; 7% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.