Is Spotswood, 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, Spotswood was a Buyer's Market.
Housing Prices in Spotswood, NJ
How much do homes in Spotswood, NJ cost?
Median Sold Price
$444,669
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spotswood was $444,669 in April 2024, up 12.6% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.1K | $165K | +15.3% |
2 Bedrooms | $307.5K | $295K | -4.1% |
3 Bedrooms | $419K | $462K | +10.3% |
4 Bedrooms | $475.5K | $530K | +11.5% |
5+ Bedrooms | $500K | $882.5K | +76.5% |
Summary: Spotswood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 76.5%.
Median Sold Price Compared To Nearby Cities
East Brunswick Township | $482.8K | $556.4K | +15.3% |
Spotswood | $395K | $444.6K | +12.6% |
Old Bridge | $499.9K | $556.3K | +11.3% |
Old Bridge Township | $459K | $510K | +11.1% |
Monroe Township | $409.3K | $449.9K | +9.9% |
Housing Supply in Spotswood, NJ
How many homes are available in Spotswood, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 22 | -29.0% |
Summary: The Spotswood real estate market had 22 homes for sale in April 2024, a 29.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 17 | 12 | -29.4% |
4 Bedrooms | 8 | 5 | -37.5% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Spotswood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 4 | -73.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Spotswood in April 2024, down by 73.3% month-over-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 Spotswood, NJ
How long does it take to sell a home in Spotswood, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 12 Days | -27.6% |
Summary: Homes in Spotswood had an average of 12 days on market in Apr 2024, down by 27.6% compared to last year.
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
Summary: During April 2024, 4 homes were sold in Spotswood; 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.