$6,757 Closing Credit*
$569,000
2,000 SqFt
5 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 November 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
$599,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$99,000(+19.8%)
Key Takeaway
Homes in Raritan Township have sold for 19.8% more than they did a year ago.
Summary: The median home sold price in Raritan Township was $599,000 in November 2024, up 19.8% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $252.2K | -4.8% |
| 2 Bedrooms | $388.7K | $405K | +4.2% |
| 3 Bedrooms | $475K | $550K | +15.8% |
| 4 Bedrooms | $712.5K | $792.5K | +11.2% |
| 5+ Bedrooms | $812K | $915K | +12.7% |
Summary: Raritan Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Ringoes | $665K | $825K | +24.1% |
| Raritan Township | $500K | $599K | +19.8% |
| Flemington | $501.5K | $559.6K | +11.6% |
Housing Supply in Raritan Township, NJ
How many homes are available in Raritan Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 113 | 109 | -3.5% |
Summary: The Raritan Township real estate market had 109 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 34 | 33 | -2.9% |
| 4 Bedrooms | 45 | 40 | -11.1% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Raritan Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 29.4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raritan Township, you could pay more than the asking price. 64.5% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Raritan Township in November 2024, up by 24.0% month-over-month. Of the 31 sold homes, 23% were sold under asking, 13% were sold at asking, and 65% were sold over asking.
Days on Market for Raritan Township, NJ
How long does it take to sell a home in Raritan Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 23 Days | +55.6% |
Summary: Homes in Raritan Township had an average of 23 days on market in Nov 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 31 homes were sold in Raritan Township; 6% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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