$6,839 Closing Credit*
$575,900
2,150 SqFt
Listing Office: PRESTIGE EXECUTIVE PROPERTIES
Is Bound Brook, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bound Brook was a Seller's Market.
Key Takeaway
Bound Brook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bound Brook, NJ
How much do homes in Bound Brook, NJ cost?
Median Sold Price
$480,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$46,000(+10.6%)
Key Takeaway
Homes in Bound Brook have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Bound Brook was $480,000 in November 2024, up 10.6% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $313K | $355K | +13.4% |
| 3 Bedrooms | $425K | $457.5K | +7.6% |
| 4 Bedrooms | $499K | $580K | +16.2% |
| 5+ Bedrooms | $537.5K | $750K | +39.5% |
Summary: Bound Brook 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 13.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 39.5%.
Median Sold Price Compared To Nearby Cities
| South Bound Brook | $390K | $470K | +20.5% |
| Bridgewater Township | $605K | $680K | +12.4% |
| Bridgewater | $605K | $676K | +11.7% |
| Bound Brook | $434K | $480K | +10.6% |
| Middlesex | $423K | $466K | +10.2% |
Housing Supply in Bound Brook, NJ
How many homes are available in Bound Brook, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Summary: The Bound Brook real estate market had 19 homes for sale in November 2024, a 13.6% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Bound Brook 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 decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bound Brook, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Bound Brook in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Bound Brook, NJ
We’re sorry, we don't have information for this market at the moment
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