Is Edison, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Edison has remained a Seller's Market.
Housing Prices in Edison, NJ
How much do homes in Edison, NJ cost?
Median Sold Price
$533,955
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Edison was $533,955 in March 2024, up 10.5% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $177K | +22.1% |
2 Bedrooms | $335K | $378K | +12.8% |
3 Bedrooms | $478.6K | $509K | +6.3% |
4 Bedrooms | $632.7K | $689K | +8.9% |
5+ Bedrooms | $779K | $869K | +11.6% |
Summary: Edison housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
Metuchen | $525K | $622.5K | +18.6% |
Edison Township | $482.2K | $534K | +10.7% |
Edison | $483K | $533.9K | +10.5% |
Fords | $425K | $440K | +3.5% |
Housing Supply in Edison, NJ
How many homes are available in Edison, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
207 | 227 | +9.7% |
Summary: The Edison real estate market had 227 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 12 | -7.7% |
2 Bedrooms | 35 | 35 | 0.0% |
3 Bedrooms | 53 | 67 | +26.4% |
4 Bedrooms | 54 | 55 | +1.9% |
5+ Bedrooms | 52 | 58 | +11.5% |
Summary: The Edison housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 40 | -13.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Edison in March 2024, down by 13.0% month-over-month. Of the 40 sold homes, 30% were sold under asking, 15% were sold at asking, and 55% were sold over asking.
Days on Market for Edison, NJ
How long does it take to sell a home in Edison, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 25 Days | -25.9% |
Summary: Homes in Edison had an average of 25 days on market in Mar 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in Edison; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.