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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Brunswick Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North Brunswick Township, NJ

How much do homes in North Brunswick Township, NJ cost?

Median Sold Price

$471,750

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$46,750(+11.0%)

Key Takeaway

Homes in North Brunswick Township have sold for 11% more than they did a year ago.

Summary: The median home sold price in North Brunswick Township was $471,750 in November 2024, up 11% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $215K$243.5K
+13.2%
2 $335K$385K
+14.9%
3 $470K$553K
+17.7%
4 $575K$651K
+13.2%
5+ $687.5K$825K
+20.0%

Summary: North Brunswick Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 20%.

Median Sold Price Compared To Nearby Cities

Milltown
+18.3%
New Brunswick
+17.4%
North Brunswick
+11.9%
North Brunswick Township
+11.0%
East Brunswick
+7.1%

Housing Supply in North Brunswick Township, NJ

How many homes are available in North Brunswick Township, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1271270.0%

Summary: The North Brunswick Township real estate market had 127 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 46
+50.0%
2 4037
-7.5%
3 4745
-4.3%
4 2021
+5.0%
5+ 1618
+12.5%

Summary: The North Brunswick Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3127-12.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Brunswick Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in North Brunswick Township in November 2024, down by 12.9% month-over-month. Of the 27 sold homes, 26% were sold under asking, 19% were sold at asking, and 56% were sold over asking.

Days on Market for North Brunswick Township, NJ

How long does it take to sell a home in North Brunswick Township, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days26 Days-27.5%

Summary: Homes in North Brunswick Township had an average of 26 days on market in Nov 2024, down by 27.5% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 27 homes were sold in North Brunswick Township; 59% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% 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 North Brunswick Township, NJ

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