$6,757 Closing Credit*
$569,000
2,000 SqFt
5 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Flemington, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Flemington has remained a Seller's Market.
Key Takeaway
Flemington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Flemington, NJ
How much do homes in Flemington, NJ cost?
Median Sold Price
$559,666
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$58,116(+11.6%)
Key Takeaway
Homes in Flemington have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Flemington was $559,666 in November 2024, up 11.6% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $249.5K | -5.8% |
| 2 Bedrooms | $382.5K | $403.5K | +5.5% |
| 3 Bedrooms | $477K | $515K | +8.0% |
| 4 Bedrooms | $710K | $800K | +12.7% |
| 5+ Bedrooms | $825K | $900K | +9.1% |
Summary: Flemington housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Raritan Township | $500K | $599K | +19.8% |
| Flemington | $501.5K | $559.6K | +11.6% |
Housing Supply in Flemington, NJ
How many homes are available in Flemington, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 120 | 122 | +1.7% |
Summary: The Flemington real estate market had 122 homes for sale in November 2024, a 1.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 37 | 36 | -2.7% |
| 4 Bedrooms | 46 | 46 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Flemington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flemington, you could pay more than the asking price. 74.2% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Flemington in November 2024, up by 14.8% month-over-month. Of the 31 sold homes, 19% were sold under asking, 6% were sold at asking, and 74% were sold over asking.
Days on Market for Flemington, NJ
How long does it take to sell a home in Flemington, NJ?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Flemington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in Flemington; 6% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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