Is Iselin, 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, Iselin has remained a Seller's Market.
Housing Prices in Iselin, NJ
How much do homes in Iselin, NJ cost?
Median Sold Price
$472,500
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Iselin was $472,500 in May 2024, up 13.2% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.4K | $231.7K | +17.4% |
2 Bedrooms | $295K | $331K | +12.2% |
3 Bedrooms | $410K | $470K | +14.6% |
4 Bedrooms | $465K | $502.5K | +8.1% |
5+ Bedrooms | $505K | $681K | +34.9% |
Summary: Iselin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Cities
Woodbridge | $360K | $430K | +19.4% |
Colonia | $490K | $560K | +14.3% |
Iselin | $417.2K | $472.5K | +13.2% |
Woodbridge Township | $425K | $470.2K | +10.7% |
Fords | $425K | $450K | +5.9% |
Housing Supply in Iselin, NJ
How many homes are available in Iselin, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 52 | +36.8% |
Summary: The Iselin real estate market had 52 homes for sale in May 2024, a 36.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 3 | 11 | +266.7% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Iselin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 266.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Iselin in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for Iselin, NJ
How long does it take to sell a home in Iselin, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 17 Days | -33.3% |
Summary: Homes in Iselin had an average of 17 days on market in May 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Iselin; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.