Is Belle Mead, 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, Belle Mead was a Seller's Market.
Key Takeaway
Belle Mead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Belle Mead, NJ
How much do homes in Belle Mead, NJ cost?
Median Sold Price
$975,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Belle Mead have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Belle Mead was $975,000 in April 2024, up 11.7% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $352K | +51.4% |
| 2 Bedrooms | $423K | $455K | +7.6% |
| 3 Bedrooms | $550K | $627.5K | +14.1% |
| 4 Bedrooms | $880K | $985K | +11.9% |
| 5+ Bedrooms | $1.1M | $1.1M | -2.7% |
Summary: Belle Mead housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.4%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Belle Mead | $873K | $975K | +11.7% |
| Franklin Township | $423.6K | $468.3K | +10.5% |
| Skillman | $890K | $975K | +9.6% |
| Hillsborough | $483K | $525K | +8.7% |
| Montgomery Township | $800.5K | $835K | +4.3% |
Housing Supply in Belle Mead, NJ
How many homes are available in Belle Mead, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 39 | +77.3% |
Summary: The Belle Mead real estate market had 39 homes for sale in April 2024, a 77.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 6 | 13 | +116.7% |
Summary: The Belle Mead 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 increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 116.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belle Mead, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Belle Mead in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Belle Mead, NJ
How long does it take to sell a home in Belle Mead, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 6 Days | 6 Days | +8.3% |
Summary: Homes in Belle Mead had an average of 6 days on market in Apr 2024, up by 8.3% compared to last year.
Breakdown of Home Sale Times
2 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 Belle Mead are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Belle Mead; 50% 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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