Is New Brunswick, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New Brunswick was a Neutral Market.
Housing Prices in New Brunswick, NJ
How much do homes in New Brunswick, NJ cost?
Median Sold Price
$367,500
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Brunswick was $367,500 in April 2024, up 14.8% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | $210K | +5.0% |
2 Bedrooms | $285K | $310K | +8.8% |
3 Bedrooms | $330K | $380K | +15.2% |
4 Bedrooms | $376.2K | $475K | +26.2% |
5+ Bedrooms | $655K | $535K | -18.3% |
Summary: New Brunswick housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
New Brunswick | $320K | $367.5K | +14.8% |
East Brunswick | $482K | $549.9K | +14.1% |
North Brunswick | $406.2K | $453K | +11.5% |
North Brunswick Township | $408.3K | $453K | +10.9% |
Highland Park | $464.5K | $501K | +7.9% |
Housing Supply in New Brunswick, NJ
How many homes are available in New Brunswick, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 74 | +7.2% |
Summary: The New Brunswick real estate market had 74 homes for sale in April 2024, a 7.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 25 | 0.0% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The New Brunswick housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in New Brunswick in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% were sold over asking.
Days on Market for New Brunswick, NJ
How long does it take to sell a home in New Brunswick, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 31 Days | -66.3% |
Summary: Homes in New Brunswick had an average of 31 days on market in Apr 2024, down by 66.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in New Brunswick; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.