Is Bridgeton, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bridgeton is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Bridgeton has remained a Seller's Market.

Key Takeaway

Bridgeton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bridgeton, NJ

How much do homes in Bridgeton, NJ cost?

Median Sold Price

$250,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+11.1%)

Key Takeaway

Homes in Bridgeton have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Bridgeton was $250,000 in November 2024, up 11.1% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $42.5K$62.5K
+47.1%
2 $156.4K$139.6K
-10.7%
3 $229.5K$260.2K
+13.4%
4 $287.5K$365K
+27.0%
5+ $200K$350K
+75.0%

Summary: Bridgeton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.1%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 75%.

Median Sold Price Compared To Nearby Cities

Upper Deerfield Township
+20.6%
Bridgeton
+11.1%
Fairfield Township
+9.8%
Hopewell Township
-11.6%

Housing Supply in Bridgeton, NJ

How many homes are available in Bridgeton, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
115113-1.7%

Summary: The Bridgeton real estate market had 113 homes for sale in November 2024, a 1.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 1414
0.0%
3 6865
-4.4%
4 2122
+4.8%
5+ 89
+12.5%

Summary: The Bridgeton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3019-36.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bridgeton, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Bridgeton in November 2024, down by 36.7% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% were sold over asking.

Days on Market for Bridgeton, NJ

How long does it take to sell a home in Bridgeton, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days36 Days-16.8%

Summary: Homes in Bridgeton had an average of 36 days on market in Nov 2024, down by 16.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bridgeton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in Bridgeton; 63% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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