Is Hunterdon County, 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, Hunterdon County was a Seller's Market.
Housing Prices in Hunterdon County, NJ
How much do homes in Hunterdon County, NJ cost?
Median Sold Price
$540,044
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hunterdon County was $540,044 in May 2024, up 6.8% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $248K | +18.1% |
2 Bedrooms | $318.5K | $370.6K | +16.4% |
3 Bedrooms | $450K | $500K | +11.1% |
4 Bedrooms | $660K | $741.6K | +12.4% |
5+ Bedrooms | $753K | $975K | +29.5% |
Summary: Hunterdon County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Counties
Somerset County | $512.8K | $578.8K | +12.9% |
Mercer County | $380K | $412.7K | +8.6% |
Warren County | $349.9K | $375K | +7.1% |
Hunterdon County | $505.5K | $540K | +6.8% |
Bucks County | $445.5K | $464.8K | +4.3% |
Housing Supply in Hunterdon County, NJ
How many homes are available in Hunterdon County, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
563 | 664 | +17.9% |
Summary: The Hunterdon County real estate market had 664 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 22 | -21.4% |
2 Bedrooms | 103 | 97 | -5.8% |
3 Bedrooms | 164 | 196 | +19.5% |
4 Bedrooms | 204 | 261 | +27.9% |
5+ Bedrooms | 64 | 88 | +37.5% |
Summary: The Hunterdon County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 108 | +0.9% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Hunterdon County in May 2024, up by 0.9% month-over-month. Of the 108 sold homes, 26% were sold under asking, 19% were sold at asking, and 56% were sold over asking.
Days on Market for Hunterdon County, NJ
How long does it take to sell a home in Hunterdon County, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 45 Days | -35.0% |
Summary: Homes in Hunterdon County had an average of 45 days on market in May 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 108 homes were sold in Hunterdon County; 6% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.