Is Hunterdon County, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hunterdon County has remained a Seller's Market.
Housing Prices in Hunterdon County, NJ
How much do homes in Hunterdon County, NJ cost?
Median Sold Price
$529,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hunterdon County was $529,000 in April 2024, up 4.6% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $245K | +19.5% |
2 Bedrooms | $312.5K | $369.5K | +18.2% |
3 Bedrooms | $450K | $498.4K | +10.8% |
4 Bedrooms | $663.6K | $725K | +9.2% |
5+ Bedrooms | $753K | $950K | +26.2% |
Summary: Hunterdon County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Counties
Somerset County | $509.5K | $577.2K | +13.3% |
Mercer County | $379.2K | $409.5K | +8.0% |
Warren County | $347.4K | $375K | +7.9% |
Hunterdon County | $505.7K | $529K | +4.6% |
Bucks County | $446.5K | $460K | +3.0% |
Housing Supply in Hunterdon County, NJ
How many homes are available in Hunterdon County, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
493 | 587 | +19.1% |
Summary: The Hunterdon County real estate market had 587 homes for sale in April 2024, a 19.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 28 | +3.7% |
2 Bedrooms | 85 | 105 | +23.5% |
3 Bedrooms | 154 | 175 | +13.6% |
4 Bedrooms | 171 | 209 | +22.2% |
5+ Bedrooms | 56 | 70 | +25.0% |
Summary: The Hunterdon County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 103 | +13.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 103 homes were sold or pending in Hunterdon County in April 2024, up by 13.2% month-over-month. Of the 103 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market for Hunterdon County, NJ
How long does it take to sell a home in Hunterdon County, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
88 Days | 66 Days | -24.0% |
Summary: Homes in Hunterdon County had an average of 66 days on market in Apr 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 103 homes were sold in Hunterdon County; 6% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.