Is East Brunswick, 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, East Brunswick has remained a Seller's Market.
Key Takeaway
East Brunswick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Brunswick, NJ
How much do homes in East Brunswick, NJ cost?
Median Sold Price
$555,277
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Brunswick have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in East Brunswick was $555,277 in May 2024, up 14.5% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $240K | +29.7% |
| 2 Bedrooms | $310K | $340K | +9.7% |
| 3 Bedrooms | $457.5K | $522K | +14.1% |
| 4 Bedrooms | $611K | $663.5K | +8.6% |
| 5+ Bedrooms | $782.5K | $777.5K | -0.6% |
Summary: East Brunswick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| East Brunswick Township | $485.5K | $561.8K | +15.7% |
| East Brunswick | $485K | $555.2K | +14.5% |
| Milltown | $440K | $500K | +13.6% |
| Spotswood | $401.2K | $450K | +12.1% |
| South River | $412.5K | $437.5K | +6.1% |
Housing Supply in East Brunswick, NJ
How many homes are available in East Brunswick, NJ?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 177 | 201 | +13.6% |
Summary: The East Brunswick real estate market had 201 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 33 | 41 | +24.2% |
| 3 Bedrooms | 48 | 58 | +20.8% |
| 4 Bedrooms | 55 | 56 | +1.8% |
| 5+ Bedrooms | 33 | 35 | +6.1% |
Summary: The East Brunswick housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Brunswick, you could pay more than the asking price. 67.6% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in East Brunswick in May 2024, down by 2.6% month-over-month. Of the 37 sold homes, 22% were sold under asking, 11% were sold at asking, and 68% were sold over asking.
Days on Market for East Brunswick, NJ
How long does it take to sell a home in East Brunswick, NJ?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 29 Days | -15.3% |
Summary: Homes in East Brunswick had an average of 29 days on market in May 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Brunswick are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 37 homes were sold in East Brunswick; 73% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% 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.
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.