$5,997 Closing Credit*
$505,000
1,670 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: GREEN LIGHT REALTY LLC
Is Monmouth Junction, 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, Monmouth Junction was a Seller's Market.
Key Takeaway
Monmouth Junction is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monmouth Junction, NJ
How much do homes in Monmouth Junction, NJ cost?
Median Sold Price
$557,500
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,375(+11.5%)
Key Takeaway
Homes in Monmouth Junction have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Monmouth Junction was $557,500 in November 2024, up 11.5% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | $274K | +17.1% |
| 2 Bedrooms | $340K | $385K | +13.2% |
| 3 Bedrooms | $478.5K | $660K | +37.9% |
| 4 Bedrooms | $758K | $895K | +18.1% |
| 5+ Bedrooms | $797.5K | $999.9K | +25.4% |
Summary: Monmouth Junction housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 25.4%.
Median Sold Price Compared To Nearby Cities
| South Brunswick Township | $550K | $652.2K | +18.6% |
| Kendall Park | $600K | $700K | +16.7% |
| Plainsboro | $560K | $630K | +12.5% |
| Monmouth Junction | $500.1K | $557.5K | +11.5% |
| Dayton | $535K | $580.4K | +8.5% |
Housing Supply in Monmouth Junction, NJ
How many homes are available in Monmouth Junction, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 60 | +22.4% |
Summary: The Monmouth Junction real estate market had 60 homes for sale in November 2024, a 22.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The Monmouth Junction housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monmouth Junction, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Monmouth Junction in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Monmouth Junction, NJ
How long does it take to sell a home in Monmouth Junction, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 43 Days | 0.2% |
Summary: Homes in Monmouth Junction had an average of 43 days on market in Nov 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monmouth Junction has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Monmouth Junction; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.