Is Piscataway Township, 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, Piscataway Township has remained a Seller's Market.
Housing Prices in Piscataway Township, NJ
How much do homes in Piscataway Township, NJ cost?
Median Sold Price
$481,208
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Piscataway Township was $481,208 in March 2024, up 5.8% 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 | $245K | $280K | +14.3% |
2 Bedrooms | $349.5K | $397.5K | +13.7% |
3 Bedrooms | $450K | $464.5K | +3.2% |
4 Bedrooms | $560K | $575K | +2.7% |
5+ Bedrooms | $615K | $665K | +8.1% |
Summary: Piscataway Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Dunellen | $405K | $461.2K | +13.9% |
South Plainfield | $450K | $510K | +13.3% |
Middlesex | $405.5K | $440K | +8.5% |
Piscataway | $456K | $485K | +6.3% |
Piscataway Township | $454.8K | $481.2K | +5.8% |
Housing Supply in Piscataway Township, NJ
How many homes are available in Piscataway Township, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 91 | +3.4% |
Summary: The Piscataway Township real estate market had 91 homes for sale in March 2024, a 3.4% 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 | 25 | 20 | -20.0% |
3 Bedrooms | 33 | 37 | +12.1% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Piscataway Township 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 20%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 18 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Piscataway Township in March 2024, down by 40.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Piscataway Township, NJ
How long does it take to sell a home in Piscataway Township, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 27 Days | -54.8% |
Summary: Homes in Piscataway Township had an average of 27 days on market in Mar 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Piscataway Township; 39% 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.