Total number of homes available for sale in Branchburg NJ is 67
Average List Price of those 67 homes in Branchburg, NJ: $610,340 with an average of 3.7 Bedrooms, 2.5 Full Baths, and 1.5 Garages
Average Days on the Market: 145 days
Total number of homes that are currently Under Contract: 17
Average List Price of those 17 homes: $475,024
In the last 30 days, the total number of homes that have gone Under Contract: 4
The current absorption rate for Branchburg, NJ is: 16.75 months
In the last 30 days, the total number of homes that have Sold is 12
For the 12 homes, the average List Price was: $411,008 vs Average Sold Price of $395,792
Average Days on the Market for the sold homes was 72 days
To summarize, based on the high absorption rate, home sellers need to make sure that the list price of their home is a true reflection of the location and condition of the home. If these numbers are misaligned, your home will linger on the market.
Claudia Marrone is a top real estate agent in Somerset County with a successful track record.
If you are thinking of selling your house in Branchburg, let me know so that I may give you a complimentary CMA and further discuss the market conditions. If you are thinking of buying a home in Branchburg, call me for a free buyer consultation.
NJAR Circle of Excellence Sales Award – Gold Level 2015
Re/Max Classic Group
Source: GSMLS 1/19/2017