Is North Brunswick, 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, North Brunswick has remained a Seller's Market.
Key Takeaway
North Brunswick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Brunswick, NJ
How much do homes in North Brunswick, NJ cost?
Median Sold Price
$431,512
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Brunswick have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in North Brunswick was $431,512 in March 2024, up 6.9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $229K | +17.4% |
| 2 Bedrooms | $305K | $345K | +13.1% |
| 3 Bedrooms | $435K | $507K | +16.6% |
| 4 Bedrooms | $550K | $635K | +15.5% |
| 5+ Bedrooms | $629K | $702.5K | +11.7% |
Summary: North Brunswick housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Milltown | $445K | $500K | +12.4% |
| East Brunswick Township | $490K | $547K | +11.6% |
| East Brunswick | $490K | $539.7K | +10.2% |
| North Brunswick | $403.7K | $431.5K | +6.9% |
| North Brunswick Township | $405K | $431.5K | +6.5% |
Housing Supply in North Brunswick, NJ
How many homes are available in North Brunswick, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 105 | +22.1% |
Summary: The North Brunswick real estate market had 105 homes for sale in March 2024, a 22.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 29 | 33 | +13.8% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 17 | 23 | +35.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The North Brunswick 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 increased by 13.8%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 26 | +116.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Brunswick, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in North Brunswick in March 2024, up by 116.7% month-over-month. Of the 26 sold homes, 15% were sold under asking, 15% were sold at asking, and 69% were sold over asking.
Days on Market for North Brunswick, NJ
How long does it take to sell a home in North Brunswick, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 22 Days | -34.1% |
Summary: Homes in North Brunswick had an average of 22 days on market in Mar 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Brunswick are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in North Brunswick; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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