Is East Brunswick, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Brunswick is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, East Brunswick has remained a Seller's Market.

Key Takeaway

East Brunswick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Brunswick, NJ

How much do homes in East Brunswick, NJ cost?

Median Sold Price

$578,200

$323/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,477(+7.1%)

Key Takeaway

Homes in East Brunswick have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in East Brunswick was $578,200 in November 2024, up 7.1% from last year, and the median price per square foot was $323.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $220.5K$250K
+13.4%
2 $339.5K$365K
+7.5%
3 $482.5K$580.5K
+20.3%
4 $650K$715K
+10.0%
5+ $775K$862K
+11.2%

Summary: East Brunswick housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Cities

Spotswood
+19.1%
Milltown
+18.3%
South River
+15.0%
East Brunswick Township
+8.3%
East Brunswick
+7.1%

Housing Supply in East Brunswick, NJ

How many homes are available in East Brunswick, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
173163-5.8%

Summary: The East Brunswick real estate market had 163 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1012
+20.0%
2 3432
-5.9%
3 3938
-2.6%
4 5856
-3.4%
5+ 3225
-21.9%

Summary: The East Brunswick housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 21.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3248+50.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Brunswick, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in East Brunswick in November 2024, up by 50.0% month-over-month. Of the 48 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
34 Days38 Days+9.2%

Summary: Homes in East Brunswick had an average of 38 days on market in Nov 2024, up by 9.2% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Brunswick are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 48 homes were sold in East Brunswick; 54% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in East Brunswick, NJ

Nearby Markets to East Brunswick, NJ

What housing markets are near East Brunswick, NJ?