As of today, total number of homes available for sale in Bridgewater NJ: 163
Average List Price of those 163 homes in Bridgewater, NJ: $509,879 with an average of 3.4 Bedrooms, 2.2 Full Baths, 0.6 Half Baths and a 1.5 Car Garage
Average Days on the Market: 110 days
Total number of homes that are currently Under Contract: 66
Average List Price of those 66 homes: $733,786 with an average of 3.3 Bedrooms, 2.0 Full Baths, 0.7 Half Baths and a 1.5 Car Garage
In the last 30 days, the total number of homes that have gone Under Contract: 34
The current absorption rate for Bridgewater, NJ is: 4.79 months
In the last 30 days, the total number of homes that have Sold: 25
For the 25 homes, the average List Price was: $549,164 vs Average Sold Price of: $531,730
Average Days on the Market for the sold homes was: 81 days
The local Bridgewater NJ real estate market has improved since last month. The absorption rate puts us in a seller’s market. So, what does this mean to sellers and buyers? If you are selling, price your home correctly from the very beginning and you just might get multiple offers! If you are a buyer, don’t hesitate to put an offer if you see a home that you like.
If yuu are thinking of selling your house in Bridgewater, 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 Bridgewater, call me for a buyer consultation.
Claudia Marrone is a top Re/Max real estate agent in Somerset County with a successful track record.
NJAR Circle of Excellence Sales Award – Silver Level - 2012, 2013, 2014
Re/Max Classic Group
Source: GSMLS 02/11/2015