Is Middlesex County, 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 County has remained a Seller's Market.
Housing Prices in Middlesex County, NJ
How much do homes in Middlesex County, NJ cost?
Median Sold Price
$479,954
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Middlesex County was $479,954 in March 2024, up 9.1% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $225K | +21.6% |
2 Bedrooms | $328.1K | $359.2K | +9.5% |
3 Bedrooms | $440K | $478.3K | +8.7% |
4 Bedrooms | $568.5K | $608.5K | +7.0% |
5+ Bedrooms | $715K | $776.7K | +8.6% |
Summary: Middlesex County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Counties
Somerset County | $500.8K | $578.1K | +15.4% |
Union County | $499.7K | $550K | +10.0% |
Middlesex County | $440K | $479.9K | +9.1% |
Monmouth County | $575K | $624.7K | +8.6% |
Mercer County | $379.6K | $402.5K | +6.0% |
Housing Supply in Middlesex County, NJ
How many homes are available in Middlesex County, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,889 | 2,146 | +13.6% |
Summary: The Middlesex County real estate market had 2,146 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 64 | 68 | +6.3% |
2 Bedrooms | 489 | 525 | +7.4% |
3 Bedrooms | 661 | 758 | +14.7% |
4 Bedrooms | 451 | 530 | +17.5% |
5+ Bedrooms | 224 | 265 | +18.3% |
Summary: The Middlesex County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 18.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
375 | 460 | +22.7% |
Asking Price vs. Sold Price
119 Homes Were Sold
Under Asking
60 Homes Were Sold
At Asking
281 Homes Were Sold
Over Asking
Summary: A total of 460 homes were sold or pending in Middlesex County in March 2024, up by 22.7% month-over-month. Of the 460 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.
Days on Market for Middlesex County, NJ
How long does it take to sell a home in Middlesex County, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 40 Days | -9.1% |
Summary: Homes in Middlesex County had an average of 40 days on market in Mar 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
255 Homes Were Sold
Under 30 Days
108 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Summary: During March 2024, 460 homes were sold in Middlesex County; 55% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.