Is Bridgewater 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, Bridgewater Township has remained a Seller's Market.
Housing Prices in Bridgewater Township, NJ
How much do homes in Bridgewater Township, NJ cost?
Median Sold Price
$618,750
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bridgewater Township was $618,750 in April 2024, up 12.5% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | $215K | +14.7% |
2 Bedrooms | $360K | $405.5K | +12.6% |
3 Bedrooms | $515K | $551.5K | +7.1% |
4 Bedrooms | $719.7K | $765K | +6.3% |
5+ Bedrooms | $817.5K | $901K | +10.2% |
Summary: Bridgewater Township 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 12.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 10.2%.
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 Township, NJ
How many homes are available in Bridgewater Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
108 | 139 | +28.7% |
Summary: The Bridgewater Township real estate market had 139 homes for sale in April 2024, a 28.7% 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 | 25 | +19.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 40 | 48 | +20.0% |
5+ Bedrooms | 20 | 33 | +65.0% |
Summary: The Bridgewater 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 increased by 19%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 65%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 31 | +29.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Bridgewater Township in April 2024, up by 29.2% month-over-month. Of the 31 sold homes, 32% were sold under asking, 3% were sold at asking, and 65% were sold over asking.
Days on Market for Bridgewater Township, NJ
How long does it take to sell a home in Bridgewater Township, 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
Summary: During April 2024, 31 homes were sold in Bridgewater Township; 3% 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.