Is Middlesex 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, Middlesex County has remained a Seller's Market.
Key Takeaway
Middlesex County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Middlesex County, NJ
How much do homes in Middlesex County, NJ cost?
Median Sold Price
$485,484
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Middlesex County have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Middlesex County was $485,484 in April 2024, up 10.3% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185.6K | $225K | +21.2% |
| 2 Bedrooms | $329.7K | $360K | +9.2% |
| 3 Bedrooms | $439.9K | $484.9K | +10.2% |
| 4 Bedrooms | $569.9K | $614K | +7.7% |
| 5+ Bedrooms | $720.4K | $782K | +8.6% |
Summary: Middlesex County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.2%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Counties
| Somerset County | $509.5K | $577.2K | +13.3% |
| Union County | $500.6K | $554.8K | +10.8% |
| Middlesex County | $440K | $485.4K | +10.3% |
| Monmouth County | $580K | $627.9K | +8.3% |
| Mercer County | $379.2K | $409.5K | +8.0% |
Housing Supply in Middlesex County, NJ
How many homes are available in Middlesex County, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,069 | 2,328 | +12.5% |
Summary: The Middlesex County real estate market had 2,328 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 68 | 75 | +10.3% |
| 2 Bedrooms | 506 | 538 | +6.3% |
| 3 Bedrooms | 727 | 797 | +9.6% |
| 4 Bedrooms | 509 | 606 | +19.1% |
| 5+ Bedrooms | 259 | 312 | +20.5% |
Summary: The Middlesex County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 20.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 480 | 464 | -3.3% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
332 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middlesex County, you could pay more than the asking price. 71.6% of homes here sold above asking price last month.
Summary: A total of 464 homes were sold or pending in Middlesex County in April 2024, down by 3.3% month-over-month. Of the 464 sold homes, 20% were sold under asking, 8% were sold at asking, and 72% were sold over asking.
Days on Market for Middlesex County, NJ
How long does it take to sell a home in Middlesex County, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 33 Days | -12.3% |
Summary: Homes in Middlesex County had an average of 33 days on market in Apr 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
279 Homes Were Sold
Under 30 Days
102 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middlesex County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 464 homes were sold in Middlesex County; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% 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.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.