$5,047 Closing Credit*
$425,000
1,340 SqFt
2 Beds
•1 Full Bath
Listing Office: LACERDA REALTORS
Is South River, 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, South River was a Seller's Market.
Key Takeaway
South River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South River, NJ
How much do homes in South River, NJ cost?
Median Sold Price
$460,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+15.0%)
Key Takeaway
Homes in South River have sold for 15% more than they did a year ago.
Summary: The median home sold price in South River was $460,000 in November 2024, up 15% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $297K | $375K | +26.3% |
| 3 Bedrooms | $400K | $443.9K | +11.0% |
| 4 Bedrooms | $450K | $540K | +20.0% |
| 5+ Bedrooms | $569K | $677.5K | +19.1% |
Summary: South River 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 increased by 26.3%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
| South River | $400K | $460K | +15.0% |
| Sayreville | $430.4K | $476.5K | +10.7% |
| East Brunswick Township | $540K | $585K | +8.3% |
| East Brunswick | $539.7K | $578.2K | +7.1% |
Housing Supply in South River, NJ
How many homes are available in South River, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 50 | -18.0% |
Summary: The South River real estate market had 50 homes for sale in November 2024, a 18.0% decrease 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 | 15 | 13 | -13.3% |
| 3 Bedrooms | 20 | 12 | -40.0% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The South River 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 decreased by 13.3%, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South River, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in South River in November 2024, down by 56.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for South River, NJ
How long does it take to sell a home in South River, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 50 Days | +46.4% |
Summary: Homes in South River had an average of 50 days on market in Nov 2024, up by 46.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South River are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in South River; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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.