Is Bridgewater Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bridgewater Township was a Seller's Market.
Housing Prices in Bridgewater Township, NJ
How much do homes in Bridgewater Township, NJ cost?
Median Sold Price
$620,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bridgewater Township was $620,000 in May 2024, up 12.6% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | $215K | +14.7% |
2 Bedrooms | $359K | $410K | +14.2% |
3 Bedrooms | $525K | $550K | +4.8% |
4 Bedrooms | $715K | $775K | +8.4% |
5+ Bedrooms | $820K | $900K | +9.8% |
Summary: Bridgewater Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
Raritan | $431K | $500K | +16.0% |
Somerville | $450K | $510K | +13.3% |
Bridgewater | $547.9K | $620K | +13.1% |
Bridgewater Township | $550.7K | $620K | +12.6% |
Housing Supply in Bridgewater Township, NJ
How many homes are available in Bridgewater Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
138 | 156 | +13.0% |
Summary: The Bridgewater Township real estate market had 156 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 26 | 25 | -3.8% |
3 Bedrooms | 32 | 35 | +9.4% |
4 Bedrooms | 47 | 56 | +19.1% |
5+ Bedrooms | 31 | 37 | +19.4% |
Summary: The Bridgewater Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 25 | -21.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Bridgewater Township in May 2024, down by 21.9% month-over-month. Of the 25 sold homes, 24% were sold under asking, 0% were sold at asking, and 76% were sold over asking.
Days on Market for Bridgewater Township, NJ
How long does it take to sell a home in Bridgewater Township, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 61 Days | +381.6% |
Summary: Homes in Bridgewater Township had an average of 61 days on market in May 2024, up by 381.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Bridgewater Township; 0% 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.