Is Old Bridge, 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, Old Bridge has remained a Seller's Market.
Housing Prices in Old Bridge, NJ
How much do homes in Old Bridge, NJ cost?
Median Sold Price
$550,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Old Bridge was $550,000 in March 2024, up 10% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.7K | $317.5K | +56.6% |
2 Bedrooms | $365K | $397.5K | +8.9% |
3 Bedrooms | $500K | $535K | +7.0% |
4 Bedrooms | $570K | $627.5K | +10.1% |
5+ Bedrooms | $680K | $780K | +14.7% |
Summary: Old Bridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Cities
Spotswood | $390K | $445K | +14.1% |
Old Bridge | $499.9K | $550K | +10.0% |
Old Bridge Township | $460.3K | $501.3K | +8.9% |
Matawan | $451.4K | $491.1K | +8.8% |
Sayreville | $415.4K | $445K | +7.1% |
Housing Supply in Old Bridge, NJ
How many homes are available in Old Bridge, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 87 | +22.5% |
Summary: The Old Bridge real estate market had 87 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 34 | 32 | -5.9% |
4 Bedrooms | 22 | 35 | +59.1% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Old Bridge 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 remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 59.1%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Old Bridge in March 2024, up by 5.9% month-over-month. Of the 18 sold homes, 44% were sold under asking, 17% were sold at asking, and 39% were sold over asking.
Days on Market for Old Bridge, NJ
How long does it take to sell a home in Old Bridge, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 61 Days | +46.9% |
Summary: Homes in Old Bridge had an average of 61 days on market in Mar 2024, up by 46.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Old Bridge; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.