Is Raritan 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, Raritan Township has remained a Seller's Market.
Key Takeaway
Raritan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raritan Township, NJ
How much do homes in Raritan Township, NJ cost?
Median Sold Price
$511,125
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Raritan Township have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Raritan Township was $511,125 in March 2024, up 3.3% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $231K | +10.0% |
| 2 Bedrooms | $325.5K | $405K | +24.4% |
| 3 Bedrooms | $437K | $500K | +14.4% |
| 4 Bedrooms | $687K | $755K | +9.9% |
| 5+ Bedrooms | $755K | $875K | +15.9% |
Summary: Raritan Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| East Amwell Township | $575K | $690.5K | +20.1% |
| Three Bridges | $260K | $293.7K | +13.0% |
| Ringoes | $690K | $745K | +8.0% |
| Raritan Township | $495K | $511.1K | +3.3% |
| Flemington | $500.5K | $515K | +2.9% |
Housing Supply in Raritan Township, NJ
How many homes are available in Raritan Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 85 | +16.4% |
Summary: The Raritan Township real estate market had 85 homes for sale in March 2024, a 16.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 29 | 36 | +24.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Raritan Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raritan Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Raritan Township in March 2024, down by 15.8% month-over-month. Of the 16 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% were sold over asking.
Days on Market for Raritan Township, NJ
We’re sorry, we don't have information for this market at the moment
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