Is Three Bridges, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Three Bridges has remained a Seller's Market.
Key Takeaway
Three Bridges is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Three Bridges, NJ
How much do homes in Three Bridges, NJ cost?
Median Sold Price
$348,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
Key Takeaway
Homes in Three Bridges have sold for 26.7% more than they did a year ago.
Summary: The median home sold price in Three Bridges was $348,500 in December 2024, up 26.7% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $275.5K | +17.2% |
| 2 Bedrooms | $275K | $347K | +26.2% |
| 3 Bedrooms | $422.5K | $435K | +3.0% |
| 4 Bedrooms | $500K | $735K | +47.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Three Bridges housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 47%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Three Bridges | $275K | $348.5K | +26.7% |
| Raritan Township | $500.6K | $594.5K | +18.7% |
| Hillsborough | $520.5K | $590K | +13.3% |
| Neshanic Station | $660.4K | $730K | +10.5% |
| Readington Township | $632.5K | $666.7K | +5.4% |
Housing Supply in Three Bridges, NJ
How many homes are available in Three Bridges, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Summary: The Three Bridges real estate market had 7 homes for sale in December 2024, a 22.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Three Bridges housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 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 Three Bridges, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Three Bridges in December 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Three Bridges, NJ
How long does it take to sell a home in Three Bridges, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Three Bridges has remained consistent over time.
Summary: During December 2024, 5 homes were sold in Three Bridges; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
