Is East Brunswick, 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, East Brunswick has remained a Seller's Market.
Housing Prices in East Brunswick, NJ
How much do homes in East Brunswick, NJ cost?
Median Sold Price
$549,999
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Brunswick was $549,999 in April 2024, up 14.1% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $240K | +29.7% |
2 Bedrooms | $308.2K | $341K | +10.6% |
3 Bedrooms | $460K | $510K | +10.9% |
4 Bedrooms | $620K | $660K | +6.5% |
5+ Bedrooms | $785.7K | $765K | -2.6% |
Summary: East Brunswick housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
East Brunswick Township | $482.8K | $556.4K | +15.3% |
Milltown | $440K | $505.2K | +14.8% |
East Brunswick | $482K | $549.9K | +14.1% |
Spotswood | $395K | $444.6K | +12.6% |
South River | $425K | $422.5K | -0.6% |
Housing Supply in East Brunswick, NJ
How many homes are available in East Brunswick, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
152 | 184 | +21.1% |
Summary: The East Brunswick real estate market had 184 homes for sale in April 2024, a 21.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 8 | -27.3% |
2 Bedrooms | 33 | 37 | +12.1% |
3 Bedrooms | 39 | 49 | +25.6% |
4 Bedrooms | 43 | 56 | +30.2% |
5+ Bedrooms | 26 | 34 | +30.8% |
Summary: The East Brunswick housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 30.2%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 38 | -2.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in East Brunswick in April 2024, down by 2.6% month-over-month. Of the 38 sold homes, 21% were sold under asking, 8% were sold at asking, and 71% were sold over asking.
Days on Market for East Brunswick, NJ
How long does it take to sell a home in East Brunswick, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +12.1% |
Summary: Homes in East Brunswick had an average of 25 days on market in Apr 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in East Brunswick; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.