Is Robbinsville Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Robbinsville Township was a Seller's Market.
Housing Prices in Robbinsville Township, NJ
How much do homes in Robbinsville Township, NJ cost?
Median Sold Price
$567,500
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Robbinsville Township was $567,500 in May 2024, up 23.4% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265.5K | $222.5K | -16.2% |
2 Bedrooms | $317.5K | $380K | +19.7% |
3 Bedrooms | $520K | $614K | +18.1% |
4 Bedrooms | $744.3K | $890K | +19.6% |
5+ Bedrooms | $957.5K | $970K | +1.3% |
Summary: Robbinsville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.2%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Robbinsville Township | $460K | $567.5K | +23.4% |
Hamilton Township | $344K | $370K | +7.6% |
Upper Freehold Township | $685K | $720K | +5.1% |
East Windsor Township | $400K | $419.9K | +5.0% |
Allentown | $581.5K | $550K | -5.4% |
Housing Supply in Robbinsville Township, NJ
How many homes are available in Robbinsville Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 92 | +29.6% |
Summary: The Robbinsville Township real estate market had 92 homes for sale in May 2024, a 29.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 17 | 21 | +23.5% |
3 Bedrooms | 31 | 30 | -3.2% |
4 Bedrooms | 19 | 33 | +73.7% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Robbinsville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 73.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Robbinsville Township in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 14% were sold under asking, 7% were sold at asking, and 79% were sold over asking.
Days on Market for Robbinsville Township, NJ
How long does it take to sell a home in Robbinsville Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 20 Days | +119.2% |
Summary: Homes in Robbinsville Township had an average of 20 days on market in May 2024, up by 119.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Robbinsville Township; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.