Is South Bound Brook, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Bound Brook has remained a Seller's Market.
Key Takeaway
South Bound Brook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Bound Brook, NJ
How much do homes in South Bound Brook, NJ cost?
Median Sold Price
$399,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Bound Brook have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in South Bound Brook was $399,000 in April 2024, up 5.7% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | $350K | $385K | +10.0% |
| 3 Bedrooms | $405K | $410K | +1.2% |
| 4 Bedrooms | $427K | $450K | +5.4% |
| 5+ Bedrooms | $237.5K | $492.2K | +107.3% |
Summary: South Bound Brook 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 10%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 107.3%.
Median Sold Price Compared To Nearby Cities
| Middlesex | $408K | $441.5K | +8.2% |
| Piscataway | $453.2K | $490K | +8.1% |
| Bound Brook | $410K | $441K | +7.6% |
| Piscataway Township | $452.4K | $485.1K | +7.2% |
| South Bound Brook | $377.4K | $399K | +5.7% |
Housing Supply in South Bound Brook, NJ
How many homes are available in South Bound Brook, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The South Bound Brook real estate market had 14 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Bound Brook 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Bound Brook, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in South Bound Brook in April 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South Bound Brook, NJ
How long does it take to sell a home in South Bound Brook, NJ?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Bound Brook are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in South Bound Brook; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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