Is Bridgewater Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bridgewater Township was a Seller's Market.
Key Takeaway
Bridgewater Township 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 Bridgewater Township, NJ
How much do homes in Bridgewater Township, NJ cost?
Median Sold Price
$620,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bridgewater Township have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Bridgewater Township was $620,000 in May 2024, up 12.6% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $215K | +14.7% |
| 2 Bedrooms | $359K | $410K | +14.2% |
| 3 Bedrooms | $525K | $550K | +4.8% |
| 4 Bedrooms | $715K | $775K | +8.4% |
| 5+ Bedrooms | $820K | $900K | +9.8% |
Summary: Bridgewater Township 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 14.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 9.8%.
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 Township, NJ
How many homes are available in Bridgewater Township, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 138 | 156 | +13.0% |
Summary: The Bridgewater Township real estate market had 156 homes for sale in May 2024, a 13.0% 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 | 26 | 25 | -3.8% |
| 3 Bedrooms | 32 | 35 | +9.4% |
| 4 Bedrooms | 47 | 56 | +19.1% |
| 5+ Bedrooms | 31 | 37 | +19.4% |
Summary: The Bridgewater Township 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 decreased by 3.8%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 25 | -21.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgewater Township, you could pay more than the asking price. 76% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Bridgewater Township in May 2024, down by 21.9% month-over-month. Of the 25 sold homes, 24% were sold under asking, 0% were sold at asking, and 76% were sold over asking.
Days on Market for Bridgewater Township, NJ
How long does it take to sell a home in Bridgewater Township, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 61 Days | +381.6% |
Summary: Homes in Bridgewater Township had an average of 61 days on market in May 2024, up by 381.6% compared to last year.
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 Bridgewater Township has remained consistent over time.
Summary: During May 2024, 25 homes were sold in Bridgewater Township; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% 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.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.