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 4 Days Ago

Newest Listings in Bridgewater, NJ

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