Is Iselin, 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, Iselin has remained a Seller's Market.
Housing Prices in Iselin, NJ
How much do homes in Iselin, NJ cost?
Median Sold Price
$460,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Iselin was $460,000 in April 2024, up 9.5% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.2K | $230.5K | +21.8% |
2 Bedrooms | $293.5K | $329K | +12.1% |
3 Bedrooms | $407.5K | $466K | +14.4% |
4 Bedrooms | $465K | $500K | +7.5% |
5+ Bedrooms | $500K | $681K | +36.2% |
Summary: Iselin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 36.2%.
Median Sold Price Compared To Nearby Cities
Woodbridge | $360K | $428.5K | +19.0% |
Colonia | $490K | $555K | +13.3% |
Woodbridge Township | $425K | $469.6K | +10.5% |
Iselin | $420K | $460K | +9.5% |
Fords | $425K | $450K | +5.9% |
Housing Supply in Iselin, NJ
How many homes are available in Iselin, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 38 | +2.7% |
Summary: The Iselin real estate market had 38 homes for sale in April 2024, a 2.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 7 | 3 | -57.1% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Iselin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Iselin in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Iselin, NJ
How long does it take to sell a home in Iselin, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 26 Days | -24.6% |
Summary: Homes in Iselin had an average of 26 days on market in Apr 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Iselin; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.