As of today, total number of homes available for sale in Branchburg NJ: 57
Average List Price of those 57 homes in Branchburg, NJ: $542,821 with an average of 3.6 Bedrooms, 2.3 Full Baths,
Average Days on the Market: 105 days
Total number of homes that are currently Under Contract: 28
Average List Price of those 28 homes: $701,936 with an average of 3.6 Bedrooms, 2.5 Full Baths
In the last 30 days, the total number of homes that have gone Under Contract: 3
The current absorption rate for Branchburg, NJ is: 19 months
In the last 30 days, the total number of homes that have Sold is11
For the 1 homes, the average List Price was: $414,713 vs Average Sold Price of: $404,045
Average Days on the Market for the sold homes was: 85 days
If you look at the absorption rate alone, Branchburg is in a buyer’s market. However, if you look at all of the data, Branchburg’s market is doing relatively well. There is not a lot of inventory out there. I recommend that if you are going to put your home on the market, price it right. If you are looking to buy a home in Branchburg, this is a great time to do it!
Claudia Marrone is a top Re/Max 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 – Silver Level - 2012, 2013, 2014
Re/Max Classic Group
Source: GSMLS 01/14/2016