Total number of homes available for sale in Bridgewater NJ: 219
Average List Price of those 219 homes in Bridgewater, NJ: $459,633 with an average of 3.7 Bedrooms, 2.3 Full Baths, 0.0 Half Baths and a 1.7 Car Garage
Average Days on the Market: 99 days
Total number of homes that are currently Under Contract: 95
Average List Price of those 95 homes: $433,810 with an average of 3.3 Bedrooms, 2.1 Full Baths, 0.7 Half Baths and a 1.3 Car Garage
In the last 30 days, the total number of homes that have gone Under Contract: 30
Given the last fact, the current absorption rate for Bridgewater, NJ is: 7.3 months
In the last 30 days, the total number of homes that have Sold: 65
For the 8 homes, the average List Price was: $511,030 vs Average Sold Price of: $497,885
Average Days on the Market for the sold homes was: 45 days
Summary: With an absorption rate of 7.3 months, Bridgewater has crept up into a buyer’s market. If you are a seller, make sure that you price your home correctly so that you can sell it quickly and at market value. Call me so that I may do a complimentary CMA. If you are a buyer and want to discuss your home buying options, call or email me so that we may set up 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 and 2013
Re/Max Classic Group
Source: GSMLS as of July 21, 2014