Is Branchburg 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, Branchburg Township was a Seller's Market.
Housing Prices in Branchburg Township, NJ
How much do homes in Branchburg Township, NJ cost?
Median Sold Price
$603,500
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Branchburg Township was $603,500 in May 2024, up 11.5% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $140K | N/A |
2 Bedrooms | $345K | $410K | +18.8% |
3 Bedrooms | $512K | $551K | +7.6% |
4 Bedrooms | $675K | $735.6K | +9.0% |
5+ Bedrooms | $680K | $1.0M | +60.1% |
Summary: Branchburg Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 60.1%.
Median Sold Price Compared To Nearby Cities
Branchburg Township | $541.2K | $603.5K | +11.5% |
Hillsborough Township | $490K | $525K | +7.1% |
Readington Township | $620K | $650K | +4.8% |
Whitehouse Station | $620K | $645K | +4.0% |
Housing Supply in Branchburg Township, NJ
How many homes are available in Branchburg Township, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 57 | +29.5% |
Summary: The Branchburg Township real estate market had 57 homes for sale in May 2024, a 29.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Branchburg Township 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 57.1%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Branchburg Township in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Branchburg Township, NJ
We’re sorry, we don't have information for this market at the moment