$5,936 Closing Credit*
$499,900
4 Beds
•2 Full Baths, 2 Partial
Listing Office: WEICHERT REALTORS
Is Raritan, 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, Raritan was a Seller's Market.
Key Takeaway
Raritan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Raritan, NJ
How much do homes in Raritan, NJ cost?
Median Sold Price
$575,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$143,000(+33.1%)
Key Takeaway
Homes in Raritan have sold for 33.1% more than they did a year ago.
Summary: The median home sold price in Raritan was $575,000 in November 2024, up 33.1% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $423.5K | $410K | -3.2% |
| 3 Bedrooms | $415K | $553.5K | +33.4% |
| 4 Bedrooms | $490K | $600K | +22.4% |
| 5+ Bedrooms | $850K | $950K | +11.8% |
Summary: Raritan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 33.4%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
| Raritan | $432K | $575K | +33.1% |
| Bridgewater Township | $605K | $680K | +12.4% |
| Bridgewater | $605K | $676K | +11.7% |
| Hillsborough | $535K | $586.2K | +9.6% |
| Somerville | $530K | $512.5K | -3.3% |
Housing Supply in Raritan, NJ
How many homes are available in Raritan, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Raritan real estate market had 11 homes for sale in November 2024, a 37.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Raritan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Raritan, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Raritan in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Raritan, NJ
We’re sorry, we don't have information for this market at the moment
