Is Jamesburg, 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, Jamesburg has remained a Seller's Market.
Housing Prices in Jamesburg, NJ
How much do homes in Jamesburg, NJ cost?
Median Sold Price
$420,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jamesburg was $420,000 in May 2024, up 16.7% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $181.5K | -13.6% |
2 Bedrooms | $345K | $395K | +14.5% |
3 Bedrooms | $365K | $415K | +13.7% |
4 Bedrooms | $465K | $500K | +7.5% |
5+ Bedrooms | $535K | $2.0M | +276.6% |
Summary: Jamesburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 276.6%.
Median Sold Price Compared To Nearby Cities
Jamesburg | $360K | $420K | +16.7% |
Monroe Township | $416.1K | $464.3K | +11.6% |
Housing Supply in Jamesburg, NJ
How many homes are available in Jamesburg, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Summary: The Jamesburg real estate market had 38 homes for sale in May 2024, a 26.7% 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 | 6 | 10 | +66.7% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Jamesburg 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 66.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Jamesburg in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Jamesburg, NJ
How long does it take to sell a home in Jamesburg, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 64 Days | +140.3% |
Summary: Homes in Jamesburg had an average of 64 days on market in May 2024, up by 140.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Jamesburg; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.