Is Bridgewater, 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, Bridgewater has remained a Seller's Market.
Key Takeaway
Bridgewater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bridgewater, NJ
How much do homes in Bridgewater, NJ cost?
Median Sold Price
$616,875
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bridgewater have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Bridgewater was $616,875 in April 2024, up 13.4% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $215K | +14.7% |
| 2 Bedrooms | $362K | $410K | +13.3% |
| 3 Bedrooms | $510K | $550K | +7.8% |
| 4 Bedrooms | $724.9K | $786K | +8.4% |
| 5+ Bedrooms | $775K | $910K | +17.4% |
Summary: Bridgewater housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Somerville | $446K | $510K | +14.3% |
| Raritan | $435K | $495K | +13.8% |
| Bridgewater | $544K | $616.8K | +13.4% |
| Bridgewater Township | $550.2K | $618.7K | +12.5% |
| Martinsville | $750K | $730K | -2.7% |
Housing Supply in Bridgewater, NJ
How many homes are available in Bridgewater, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 107 | +17.6% |
Summary: The Bridgewater real estate market had 107 homes for sale in April 2024, a 17.6% 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 | 17 | 20 | +17.6% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 35 | 38 | +8.6% |
| 5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The Bridgewater 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 increased by 17.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgewater, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Bridgewater in April 2024, up by 18.2% month-over-month. Of the 26 sold homes, 31% were sold under asking, 0% were sold at asking, and 69% were sold over asking.
Days on Market for Bridgewater, NJ
How long does it take to sell a home in Bridgewater, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bridgewater are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Bridgewater; 4% 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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