Is Piscataway, 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, Piscataway has remained a Seller's Market.
Housing Prices in Piscataway, NJ
How much do homes in Piscataway, NJ cost?
Median Sold Price
$500,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Piscataway was $500,000 in May 2024, up 9.6% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $280K | +27.3% |
2 Bedrooms | $346.8K | $394K | +13.6% |
3 Bedrooms | $450K | $476.4K | +5.9% |
4 Bedrooms | $549.9K | $595K | +8.2% |
5+ Bedrooms | $615K | $696K | +13.2% |
Summary: Piscataway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
Dunellen | $410K | $495K | +20.7% |
South Plainfield | $450K | $517.5K | +15.0% |
Piscataway | $456.2K | $500K | +9.6% |
Middlesex | $410K | $445K | +8.5% |
Piscataway Township | $455K | $489.9K | +7.7% |
Housing Supply in Piscataway, NJ
How many homes are available in Piscataway, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 143 | +24.3% |
Summary: The Piscataway real estate market had 143 homes for sale in May 2024, a 24.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 23 | 30 | +30.4% |
3 Bedrooms | 38 | 43 | +13.2% |
4 Bedrooms | 33 | 47 | +42.4% |
5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Piscataway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Piscataway in May 2024, down by 3.8% month-over-month. Of the 25 sold homes, 16% were sold under asking, 8% were sold at asking, and 76% were sold over asking.
Days on Market for Piscataway, NJ
How long does it take to sell a home in Piscataway, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 34 Days | -2.8% |
Summary: Homes in Piscataway had an average of 34 days on market in May 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Piscataway; 52% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.