$5,641 Closing Credit*
$475,000
1,000 SqFt
2 Beds
•2 Full Baths
Listing Office: KELLER WILLIAMS PROSPERITY REALTY
Is Bedminster, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bedminster has remained a Seller's Market.
Key Takeaway
Bedminster is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedminster, NJ
How much do homes in Bedminster, NJ cost?
Median Sold Price
$490,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,500(+9.5%)
Key Takeaway
Homes in Bedminster have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Bedminster was $490,000 in October 2024, up 9.5% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $295.2K | +9.4% |
| 2 Bedrooms | $430K | $445K | +3.5% |
| 3 Bedrooms | $626.9K | $647.5K | +3.3% |
| 4 Bedrooms | $969.9K | $940K | -3.1% |
| 5+ Bedrooms | $999.4K | $1.6M | +67.6% |
Summary: Bedminster housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 67.6%.
Median Sold Price Compared To Nearby Cities
| Peapack and Gladstone | $875K | $1.1M | +27.4% |
| Gladstone | $812.5K | $1.0M | +23.1% |
| Bedminster Township | $450K | $495K | +10.0% |
| Far Hills | $1.2M | $1.3M | +9.9% |
| Bedminster | $447.5K | $490K | +9.5% |
Housing Supply in Bedminster, NJ
How many homes are available in Bedminster, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The Bedminster real estate market had 48 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 29 | 28 | -3.4% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Bedminster housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedminster, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Bedminster in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 13% were sold under asking, 7% were sold at asking, and 80% were sold over asking.
Days on Market for Bedminster, NJ
We’re sorry, we don't have information for this market at the moment
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.