$6,757 Closing Credit*
$569,000
2,436 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: RE/MAX FIRST REALTY, INC.
Is Dunellen, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Dunellen was a Seller's Market.
Key Takeaway
Dunellen 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 Dunellen, NJ
How much do homes in Dunellen, NJ cost?
Median Sold Price
$525,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+7.1%)
Key Takeaway
Homes in Dunellen have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Dunellen was $525,000 in November 2024, up 7.1% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $202.2K | N/A |
| 2 Bedrooms | $350K | $407.5K | +16.4% |
| 3 Bedrooms | $431K | $512.5K | +18.9% |
| 4 Bedrooms | $615.5K | $570K | -7.4% |
| 5+ Bedrooms | $738K | $920K | +24.7% |
Summary: Dunellen housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 18.9%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 24.7%.
Median Sold Price Compared To Nearby Cities
| Dunellen | $432K | $519K | +20.2% |
| Middlesex | $423K | $466K | +10.2% |
| North Plainfield | $435K | $476.5K | +9.5% |
| Dunellen | $490K | $525K | +7.1% |
| Green Brook Township | $565K | $575K | +1.8% |
Housing Supply in Dunellen, NJ
How many homes are available in Dunellen, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 58 | +16.0% |
Summary: The Dunellen real estate market had 58 homes for sale in November 2024, a 16.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 7 | +250.0% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Dunellen 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 increased by 250%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dunellen, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Dunellen in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 55 Days | +43.1% |
Summary: Homes in Dunellen had an average of 55 days on market in Nov 2024, up by 43.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dunellen are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Dunellen; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
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.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.