Is Iselin, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Iselin has remained a Seller's Market.
Key Takeaway
Iselin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Iselin, NJ
How much do homes in Iselin, NJ cost?
Median Sold Price
$452,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Iselin have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Iselin was $452,000 in March 2024, up 7.6% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188.5K | $230.1K | +22.1% |
| 2 Bedrooms | $295K | $327K | +10.8% |
| 3 Bedrooms | $408.7K | $452K | +10.6% |
| 4 Bedrooms | $465K | $500K | +7.5% |
| 5+ Bedrooms | $502.5K | $675K | +34.3% |
Summary: Iselin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
| Woodbridge | $360K | $430K | +19.4% |
| Colonia | $485K | $555K | +14.4% |
| Woodbridge Township | $425K | $467K | +9.9% |
| Iselin | $420K | $452K | +7.6% |
| Fords | $425K | $440K | +3.5% |
Housing Supply in Iselin, NJ
How many homes are available in Iselin, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Summary: The Iselin real estate market had 41 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Iselin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Iselin, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Iselin in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.
Days on Market for Iselin, NJ
How long does it take to sell a home in Iselin, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 31 Days | -43.4% |
Summary: Homes in Iselin had an average of 31 days on market in Mar 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Iselin are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Iselin; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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