Is Middlesex, 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, Middlesex has remained a Seller's Market.
Housing Prices in Middlesex, NJ
How much do homes in Middlesex, NJ cost?
Median Sold Price
$440,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Middlesex was $440,000 in March 2024, up 8.5% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $191.7K | +27.8% |
2 Bedrooms | $277.5K | $367.5K | +32.4% |
3 Bedrooms | $405K | $420K | +3.7% |
4 Bedrooms | $460K | $510K | +10.9% |
5+ Bedrooms | $499K | $566.7K | +13.6% |
Summary: Middlesex housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in Middlesex, NJ
How many homes are available in Middlesex, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 47 | +20.5% |
Summary: The Middlesex real estate market had 47 homes for sale in March 2024, a 20.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Middlesex housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Middlesex in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Middlesex, NJ
How long does it take to sell a home in Middlesex, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 13 Days | -79.6% |
Summary: Homes in Middlesex had an average of 13 days on market in Mar 2024, down by 79.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Middlesex; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.