$3,622 Closing Credit*
$305,000
2 Beds
•1 Full Bath, 1 Partial
Listing Office: JOHN ANTHONY AGENCY C-21
Is New Brunswick, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, New Brunswick has remained a Seller's Market.
Key Takeaway
New Brunswick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Brunswick, NJ
How much do homes in New Brunswick, NJ cost?
Median Sold Price
$411,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,000(+22.7%)
Key Takeaway
Homes in New Brunswick have sold for 22.7% more than they did a year ago.
Summary: The median home sold price in New Brunswick was $411,000 in October 2024, up 22.7% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258K | $205K | -20.5% |
| 2 Bedrooms | $290K | $328K | +13.1% |
| 3 Bedrooms | $345K | $425.5K | +23.3% |
| 4 Bedrooms | $422.5K | $495K | +17.2% |
| 5+ Bedrooms | $502.5K | $640K | +27.4% |
Summary: New Brunswick housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
| New Brunswick | $335K | $411K | +22.7% |
| Highland Park | $499K | $575K | +15.2% |
| North Brunswick | $425.5K | $468.8K | +10.2% |
| North Brunswick Township | $427K | $470K | +10.1% |
| East Brunswick | $526.1K | $575.7K | +9.4% |
Housing Supply in New Brunswick, NJ
How many homes are available in New Brunswick, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 88 | +15.8% |
Summary: The New Brunswick real estate market had 88 homes for sale in October 2024, a 15.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 25 | 26 | +4.0% |
| 3 Bedrooms | 27 | 35 | +29.6% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The New Brunswick housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 29.6%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Brunswick, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in New Brunswick in October 2024, up by 50.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 27% were sold at asking, and 53% were sold over asking.
Days on Market for New Brunswick, NJ
How long does it take to sell a home in New Brunswick, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 64 Days | +104.1% |
Summary: Homes in New Brunswick had an average of 64 days on market in Oct 2024, up by 104.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Brunswick are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in New Brunswick; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.