Is Bridgewater, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bridgewater has remained a Seller's Market.
Key Takeaway
Bridgewater is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bridgewater, NJ
How much do homes in Bridgewater, NJ cost?
Median Sold Price
$620,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bridgewater have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Bridgewater was $620,000 in May 2024, up 13.1% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $215K | +14.7% |
| 2 Bedrooms | $361K | $416K | +15.2% |
| 3 Bedrooms | $525K | $550K | +4.8% |
| 4 Bedrooms | $720.5K | $786K | +9.1% |
| 5+ Bedrooms | $777.5K | $905.5K | +16.5% |
Summary: Bridgewater housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Raritan | $431K | $500K | +16.0% |
| Somerville | $450K | $510K | +13.3% |
| Bridgewater | $547.9K | $620K | +13.1% |
| Bridgewater Township | $550.7K | $620K | +12.6% |
Housing Supply in Bridgewater, NJ
How many homes are available in Bridgewater, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 106 | 123 | +16.0% |
Summary: The Bridgewater real estate market had 123 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 37 | 47 | +27.0% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Bridgewater housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 27%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgewater, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Bridgewater in May 2024, down by 15.4% month-over-month. Of the 22 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for Bridgewater, NJ
We’re sorry, we don't have information for this market at the moment
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