$4,750 Closing Credit*
$400,000
1,550 SqFt
1 Full Bath
Listing Office: KELLER WILLIAMS PREMIER
Is Cranbury Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Cranbury Township was a Seller's Market.
Key Takeaway
Cranbury Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cranbury Township, NJ
How much do homes in Cranbury Township, NJ cost?
Median Sold Price
$1,193,520
$380/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$123,520(+11.5%)
Key Takeaway
Homes in Cranbury Township have sold for 11.5% more than they did a month ago.
Summary: The median home sold price in Cranbury Township was $1,193,520 in October 2024, up 11.5% from last month, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $665K | $1.1M | +69.5% |
| 4 Bedrooms | $859K | $1.2M | +46.7% |
| 5+ Bedrooms | $1.4M | - | N/A |
Summary: Cranbury Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 69.5%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes did not change.
Housing Supply in Cranbury Township, NJ
How many homes are available in Cranbury Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The Cranbury Township real estate market had 25 homes for sale in October 2024, a 7.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Cranbury Township 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 increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cranbury Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cranbury Township in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Cranbury Township, NJ
How long does it take to sell a home in Cranbury Township, NJ?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 87 Days | +153.3% |
Summary: Homes in Cranbury Township had an average of 87 days on market in Oct 2024, up by 153.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cranbury Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Cranbury Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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