$4,630 Closing Credit*
$389,900
1,056 SqFt
3 Beds
•1 Full Bath, 1 Partial
Donald L Pollock Jr., Listing Office: New Jersey Home Sales Inc
Is Branchburg Township, 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, Branchburg Township has remained a Seller's Market.
Key Takeaway
Branchburg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Branchburg Township, NJ
How much do homes in Branchburg Township, NJ cost?
Median Sold Price
$615,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,500(+11.7%)
Key Takeaway
Homes in Branchburg Township have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Branchburg Township was $615,000 in October 2024, up 11.7% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $342K | $452K | +32.2% |
| 3 Bedrooms | $527.5K | $585K | +10.9% |
| 4 Bedrooms | $700K | $740K | +5.7% |
| 5+ Bedrooms | $855K | $1.0M | +17.8% |
Summary: Branchburg Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 17.8%.
Median Sold Price Compared To Nearby Cities
| Whitehouse Station | $575K | $675K | +17.4% |
| Branchburg Township | $550.5K | $615K | +11.7% |
| Readington Township | $599K | $665K | +11.0% |
| Hillsborough Township | $516.2K | $570.7K | +10.5% |
Housing Supply in Branchburg Township, NJ
How many homes are available in Branchburg Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 60 | +5.3% |
Summary: The Branchburg Township real estate market had 60 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Branchburg Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Branchburg Township, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Branchburg Township in October 2024, up by 46.2% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Branchburg Township, NJ
How long does it take to sell a home in Branchburg Township, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Branchburg Township has remained consistent over time.
Summary: During October 2024, 19 homes were sold in Branchburg Township; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.