Is East Brunswick, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Brunswick is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, East Brunswick has remained a Seller's Market.

Key Takeaway

East Brunswick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$67,999(+14.1%)

Key Takeaway

Homes in East Brunswick have sold for 14.1% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $185K$240K
+29.7%
2 $308.2K$341K
+10.6%
3 $460K$510K
+10.9%
4 $620K$660K
+6.5%
5+ $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
+15.3%
Milltown
+14.8%
East Brunswick
+14.1%
Spotswood
+12.6%
South River
-0.6%

Housing Supply in East Brunswick, NJ

How many homes are available in East Brunswick, NJ?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
152184+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

# BEDSMar 2024Apr 2024CHANGE
1 118
-27.3%
2 3337
+12.1%
3 3949
+25.6%
4 4356
+30.2%
5+ 2634
+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 2024Apr 2024CHANGE
3938-2.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Brunswick, you could pay more than the asking price. 71.1% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
22 Days25 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Brunswick are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in East Brunswick, NJ

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