$4,738 Closing Credit*
$399,000
3 Beds
•1 Full Bath
Listing Office: KELLER WILLIAMS REALTY
Is South Bound Brook, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South Bound Brook was a Seller's Market.
Key Takeaway
South Bound Brook is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Bound Brook, NJ
How much do homes in South Bound Brook, NJ cost?
Median Sold Price
$456,250
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$71,250(+18.5%)
Key Takeaway
Homes in South Bound Brook have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in South Bound Brook was $456,250 in October 2024, up 18.5% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | $365K | $400K | +9.6% |
| 3 Bedrooms | $387.5K | $475K | +22.6% |
| 4 Bedrooms | $437.5K | $500K | +14.3% |
| 5+ Bedrooms | $474.5K | - | N/A |
Summary: South Bound Brook housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Bound Brook | $385K | $456.2K | +18.5% |
| Piscataway Township | $465.5K | $526.2K | +13.0% |
| Piscataway | $470K | $529.9K | +12.8% |
| Middlesex | $420K | $460K | +9.5% |
| Bound Brook | $434K | $470K | +8.3% |
Housing Supply in South Bound Brook, NJ
How many homes are available in South Bound Brook, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The South Bound Brook real estate market had 14 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Bound Brook 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 remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Bound Brook, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in South Bound Brook in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South Bound Brook, NJ
We’re sorry, we don't have information for this market at the moment
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