Is East Brunswick, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Brunswick has remained a Seller's Market.
Housing Prices in East Brunswick, NJ
How much do homes in East Brunswick, NJ cost?
Median Sold Price
$555,277
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Brunswick was $555,277 in May 2024, up 14.5% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $240K | +29.7% |
2 Bedrooms | $310K | $340K | +9.7% |
3 Bedrooms | $457.5K | $522K | +14.1% |
4 Bedrooms | $611K | $663.5K | +8.6% |
5+ Bedrooms | $782.5K | $777.5K | -0.6% |
Summary: East Brunswick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
East Brunswick Township | $485.5K | $561.8K | +15.7% |
East Brunswick | $485K | $555.2K | +14.5% |
Milltown | $440K | $500K | +13.6% |
Spotswood | $401.2K | $450K | +12.1% |
South River | $412.5K | $437.5K | +6.1% |
Housing Supply in East Brunswick, NJ
How many homes are available in East Brunswick, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
177 | 201 | +13.6% |
Summary: The East Brunswick real estate market had 201 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 33 | 41 | +24.2% |
3 Bedrooms | 48 | 58 | +20.8% |
4 Bedrooms | 55 | 56 | +1.8% |
5+ Bedrooms | 33 | 35 | +6.1% |
Summary: The East Brunswick housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 37 | -2.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in East Brunswick in May 2024, down by 2.6% month-over-month. Of the 37 sold homes, 22% were sold under asking, 11% were sold at asking, and 68% were sold over asking.
Days on Market for East Brunswick, NJ
How long does it take to sell a home in East Brunswick, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 29 Days | -15.3% |
Summary: Homes in East Brunswick had an average of 29 days on market in May 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in East Brunswick; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.