$6,472 Closing Credit*
$545,000
3 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is Raritan Township, 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, Raritan Township has remained a Seller's Market.
Key Takeaway
Raritan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raritan Township, NJ
How much do homes in Raritan Township, NJ cost?
Median Sold Price
$590,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$106,250(+22.0%)
Key Takeaway
Homes in Raritan Township have sold for 22% more than they did a year ago.
Summary: The median home sold price in Raritan Township was $590,000 in October 2024, up 22% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $249.5K | +4.0% |
| 2 Bedrooms | $379K | $409K | +7.9% |
| 3 Bedrooms | $461.5K | $540K | +17.0% |
| 4 Bedrooms | $699.5K | $795K | +13.7% |
| 5+ Bedrooms | $769.5K | $900K | +17.0% |
Summary: Raritan Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
| Three Bridges | $270K | $345K | +27.8% |
| Ringoes | $665K | $825K | +24.1% |
| Raritan Township | $483.7K | $590K | +22.0% |
| Flemington | $489.3K | $553.6K | +13.1% |
Housing Supply in Raritan Township, NJ
How many homes are available in Raritan Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 117 | -4.1% |
Summary: The Raritan Township real estate market had 117 homes for sale in October 2024, a 4.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 25 | 19 | -24.0% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 45 | 46 | +2.2% |
| 5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Raritan Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 24%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 23 | -39.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raritan Township, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Raritan Township in October 2024, down by 39.5% month-over-month. Of the 23 sold homes, 43% were sold under asking, 9% were sold at asking, and 48% were sold over asking.
Days on Market for Raritan Township, NJ
How long does it take to sell a home in Raritan Township, NJ?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Raritan Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Raritan Township; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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. 
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
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.