$9,441 Closing Credit*
$795,000
3,216 SqFt
3 Beds
•3 Full Baths
Listing Office: BORAIE REALTY, LLC
Is Belle Mead, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Belle Mead has remained a Seller's Market.
Key Takeaway
Belle Mead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belle Mead, NJ
How much do homes in Belle Mead, NJ cost?
Median Sold Price
$928,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,000(+5.2%)
Key Takeaway
Homes in Belle Mead have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Belle Mead was $928,000 in November 2024, up 5.2% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.2K | - | N/A |
| 2 Bedrooms | $442.5K | $512.5K | +15.8% |
| 3 Bedrooms | $610K | $630K | +3.3% |
| 4 Bedrooms | $925K | $925K | 0.0% |
| 5+ Bedrooms | $1.1M | $1.3M | +19.5% |
Summary: Belle Mead housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
| Hillsborough | $535K | $586.2K | +9.6% |
| Franklin Township | $445.6K | $487.3K | +9.3% |
| Belle Mead | $882K | $928K | +5.2% |
| Montgomery Township | $835K | $875K | +4.8% |
| Skillman | $970K | $996K | +2.7% |
Housing Supply in Belle Mead, NJ
How many homes are available in Belle Mead, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 40 | -20.0% |
Summary: The Belle Mead real estate market had 40 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 29 | 24 | -17.2% |
| 5+ Bedrooms | 12 | 7 | -41.7% |
Summary: The Belle Mead housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 41.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belle Mead, you could pay more than the asking price. 90% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Belle Mead in November 2024, down by 33.3% month-over-month. Of the 10 sold homes, 0% were sold under asking, 10% were sold at asking, and 90% were sold over asking.
Days on Market for Belle Mead, NJ
How long does it take to sell a home in Belle Mead, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belle Mead are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Belle Mead; 10% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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