Is Readington Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Readington Township was a Seller's Market.
Key Takeaway
Readington Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Readington Township, NJ
How much do homes in Readington Township, NJ cost?
Median Sold Price
$640,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Readington Township have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Readington Township was $640,000 in March 2024, up 3.6% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $245K | +16.7% |
| 2 Bedrooms | $425K | $415K | -2.4% |
| 3 Bedrooms | $518.5K | $562.5K | +8.5% |
| 4 Bedrooms | $700K | $779.5K | +11.4% |
| 5+ Bedrooms | $887.5K | $900K | +1.4% |
Summary: Readington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Branchburg Township | $531K | $602K | +13.4% |
| Readington Township | $617.5K | $640K | +3.6% |
| Neshanic Station | $697K | $675K | -3.2% |
Housing Supply in Readington Township, NJ
How many homes are available in Readington Township, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 57 | +21.3% |
Summary: The Readington Township real estate market had 57 homes for sale in March 2024, a 21.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Readington 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 8.3%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Readington Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Readington Township in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Readington Township, NJ
We’re sorry, we don't have information for this market at the moment
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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