Is South Brunswick Township, 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 Brunswick Township has remained a Seller's Market.
Housing Prices in South Brunswick Township, NJ
How much do homes in South Brunswick Township, NJ cost?
Median Sold Price
$579,153
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Brunswick Township was $579,153 in April 2024, up 9.3% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $241K | +14.8% |
2 Bedrooms | $322.5K | $375K | +16.3% |
3 Bedrooms | $490K | $536.3K | +9.4% |
4 Bedrooms | $699.9K | $733K | +4.7% |
5+ Bedrooms | $773.7K | $861K | +11.3% |
Summary: South Brunswick Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
Franklin Park | $319.9K | $375K | +17.2% |
Dayton | $500K | $550K | +10.0% |
South Brunswick Township | $530K | $579.1K | +9.3% |
Kendall Park | $575K | $615K | +7.0% |
Monmouth Junction | $471K | $500.1K | +6.2% |
Housing Supply in South Brunswick Township, NJ
How many homes are available in South Brunswick Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 109 | +11.2% |
Summary: The South Brunswick Township real estate market had 109 homes for sale in April 2024, a 11.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 21 | 18 | -14.3% |
3 Bedrooms | 31 | 40 | +29.0% |
4 Bedrooms | 35 | 34 | -2.9% |
5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The South Brunswick Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 29%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 22 | -18.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in South Brunswick Township in April 2024, down by 18.5% month-over-month. Of the 22 sold homes, 23% were sold under asking, 5% were sold at asking, and 73% were sold over asking.
Days on Market for South Brunswick Township, NJ
How long does it take to sell a home in South Brunswick Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 35 Days | -26.4% |
Summary: Homes in South Brunswick Township had an average of 35 days on market in Apr 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in South Brunswick Township; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.