$10,000 Closing Credit*
$1,199,000
5 Beds
•5 Full Baths
Jill Biggs, Listing Office: Coldwell Banker, Hoboken
Is Bridgewater, 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, 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
$676,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$71,000(+11.7%)
Key Takeaway
Homes in Bridgewater have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Bridgewater was $676,000 in November 2024, up 11.7% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $245K | +22.5% |
| 2 Bedrooms | $380K | $410K | +7.9% |
| 3 Bedrooms | $554K | $580K | +4.7% |
| 4 Bedrooms | $755K | $825K | +9.3% |
| 5+ Bedrooms | $884.7K | $963K | +8.8% |
Summary: Bridgewater housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Raritan | $432K | $575K | +33.1% |
| Bridgewater Township | $605K | $680K | +12.4% |
| Bridgewater | $605K | $676K | +11.7% |
| Martinsville | $715K | $792K | +10.8% |
| Somerville | $530K | $512.5K | -3.3% |
Housing Supply in Bridgewater, NJ
How many homes are available in Bridgewater, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 99 | -13.2% |
Summary: The Bridgewater real estate market had 99 homes for sale in November 2024, a 13.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 45 | 38 | -15.6% |
| 4 Bedrooms | 33 | 27 | -18.2% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Bridgewater 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 12.5%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 28 | -24.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgewater, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Bridgewater in November 2024, down by 24.3% month-over-month. Of the 28 sold homes, 11% were sold under asking, 11% were sold at asking, and 79% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 40 Days | +176.1% |
Summary: Homes in Bridgewater had an average of 40 days on market in Nov 2024, up by 176.1% compared to last year.
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 Bridgewater are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in Bridgewater; 4% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.