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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bridgewater is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bridgewater, NJ

How much do homes in Bridgewater, NJ cost?

Median Sold Price

$666,500

$338/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$68,250(+11.4%)

Key Takeaway

Homes in Bridgewater have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Bridgewater was $666,500 in October 2024, up 11.4% from last year, and the median price per square foot was $338.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $200K$245K
+22.5%
2 $375K$410K
+9.3%
3 $555K$581.6K
+4.8%
4 $756K$821.7K
+8.7%
5+ $883K$956K
+8.3%

Summary: Bridgewater housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Cities

Raritan
+28.8%
Bridgewater Township
+14.0%
Martinsville
+11.9%
Bridgewater
+11.4%
Somerville
+3.3%

Housing Supply in Bridgewater, NJ

How many homes are available in Bridgewater, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
114116+1.8%

Summary: The Bridgewater real estate market had 116 homes for sale in October 2024, a 1.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1816
-11.1%
3 3845
+18.4%
4 3433
-2.9%
5+ 2321
-8.7%

Summary: The Bridgewater 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 decreased by 11.1%, 3 bedroom homes increased by 18.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 8.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3336+9.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bridgewater, you could pay more than the asking price. 80.6% of homes here sold above asking price last month.

Summary: A total of 36 homes were sold or pending in Bridgewater in October 2024, up by 9.1% month-over-month. Of the 36 sold homes, 17% were sold under asking, 3% were sold at asking, and 81% were sold over asking.

Days on Market for Bridgewater, NJ

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

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days34 Days-15.2%

Summary: Homes in Bridgewater had an average of 34 days on market in Oct 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bridgewater has remained consistent over time.

Summary: During October 2024, 36 homes were sold in Bridgewater; 3% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Bridgewater, NJ

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