$4,572 Closing Credit*
$385,000
1,173 SqFt
2 Beds
•2 Full Baths
Listing Office: NEXTHOME PREMIER
Is Dunellen, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Dunellen has remained a Seller's Market.
Key Takeaway
Dunellen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dunellen, NJ
How much do homes in Dunellen, NJ cost?
Median Sold Price
$528,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$28,000(+5.6%)
Key Takeaway
Homes in Dunellen have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Dunellen was $528,000 in December 2024, up 5.6% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $202.2K | N/A |
| 2 Bedrooms | $420K | $400K | -4.8% |
| 3 Bedrooms | $432K | $515K | +19.2% |
| 4 Bedrooms | $555K | $585K | +5.4% |
| 5+ Bedrooms | $738K | $955K | +29.4% |
Summary: Dunellen housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 29.4%.
Median Sold Price Compared To Nearby Cities
| Dunellen | $450K | $518.1K | +15.1% |
| Middlesex | $430K | $475K | +10.5% |
| North Plainfield | $440K | $473K | +7.5% |
| Green Brook Township | $563.7K | $600K | +6.4% |
| Dunellen | $500K | $528K | +5.6% |
Housing Supply in Dunellen, NJ
How many homes are available in Dunellen, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 55 | 53 | -3.6% |
Summary: The Dunellen real estate market had 53 homes for sale in December 2024, a 3.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Dunellen housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dunellen, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Dunellen in December 2024, up by 30.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Dunellen, NJ
How long does it take to sell a home in Dunellen, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 51 Days | 47 Days | -7.6% |
Summary: Homes in Dunellen had an average of 47 days on market in Dec 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dunellen are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 13 homes were sold in Dunellen; 15% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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