Is Middlesex County, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middlesex County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Middlesex County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Middlesex County, NJ

How much do homes in Middlesex County, NJ cost?

Median Sold Price

$518,103

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,885(+13.3%)

Key Takeaway

Homes in Middlesex County have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Middlesex County was $518,103 in October 2024, up 13.3% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $210K$250K
+19.0%
2 $340K$384.7K
+13.2%
3 $457.8K$519.3K
+13.5%
4 $583.6K$650K
+11.4%
5+ $740K$820K
+10.8%

Summary: Middlesex County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 10.8%.

Median Sold Price Compared To Nearby Counties

Middlesex County
+13.3%
Somerset County
+11.8%
Mercer County
+11.1%
Union County
+10.5%
Monmouth County
+9.6%

Housing Supply in Middlesex County, NJ

How many homes are available in Middlesex County, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2,5202,675+6.2%

Summary: The Middlesex County real estate market had 2,675 homes for sale in October 2024, a 6.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 8284
+2.4%
2 606663
+9.4%
3 893923
+3.4%
4 644694
+7.8%
5+ 295311
+5.4%

Summary: The Middlesex County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 5.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
571535-6.3%

Asking Price vs. Sold Price

129 Homes Were Sold
Under Asking

64 Homes Were Sold
At Asking

342 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middlesex County, you could pay more than the asking price. 63.9% of homes here sold above asking price last month.

Summary: A total of 535 homes were sold or pending in Middlesex County in October 2024, down by 6.3% month-over-month. Of the 535 sold homes, 24% were sold under asking, 12% were sold at asking, and 64% were sold over asking.

Days on Market for Middlesex County, NJ

How long does it take to sell a home in Middlesex County, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days37 Days-2.4%

Summary: Homes in Middlesex County had an average of 37 days on market in Oct 2024, down by 2.4% compared to last year.

Breakdown of Home Sale Times

281 Homes Were Sold
Under 30 Days

180 Homes Were Sold
In 30 - 90 Days

33 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 535 homes were sold in Middlesex County; 53% of homes were sold within 30 days, 34% 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 20 Days Ago

Newest Listings in Middlesex County, NJ

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