Is Raritan, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Raritan was a Neutral Market.
Housing Prices in Raritan, NJ
How much do homes in Raritan, NJ cost?
Median Sold Price
$495,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Raritan was $495,000 in April 2024, up 13.8% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $379K | $432K | +14.0% |
3 Bedrooms | $420K | $490K | +16.7% |
4 Bedrooms | $480K | $555K | +15.6% |
5+ Bedrooms | $750K | $850K | +13.3% |
Summary: Raritan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
Somerville | $446K | $510K | +14.3% |
Raritan | $435K | $495K | +13.8% |
Bridgewater | $544K | $616.8K | +13.4% |
Bridgewater Township | $550.2K | $618.7K | +12.5% |
Hillsborough | $483K | $525K | +8.7% |
Housing Supply in Raritan, NJ
How many homes are available in Raritan, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Summary: The Raritan real estate market had 9 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Raritan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Raritan in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Raritan, NJ
We’re sorry, we don't have information for this market at the moment