East Brunswick, New Jersey, is a great place to live and is highly valued for it’s strong school system. The seller’s market which is fading in much of the country is still going strong in East Brunswick with homes selling for more than list price and only staying on the market a short time. Read on to get the latest on East Brunswick real estate trends.
Market Overview
In recent times, East Brunswick’s real estate market has shown a remarkable trend of growth. The average list price for active listings as of 12/4/2023 was $724,500. The following chart breaks down list prices based on status.
Analysis of Sales and Price Trends
Looking at closed sales for recent months, the average sales price has not trended solidly in any direction, but this is not uncommon in that the mix of properties sold in any month can impact the averages greatly.
Days on Market Analysis
Properties in East Brunswick have been selling faster over the past months, with homes spending an average of 25 to 45 days on the market before being sold. This decrease in DOM reflects a robust demand for properties in the area, a positive indicator for sellers and a call for readiness and decisiveness among buyers.
Conclusion and Predictions
In summary, the East Brunswick real estate market is still favoring sellers, but conditions for buyers have improved since the peak summer days. Karen Ruffner and her team at Elegant Homes Group can help you navigate this market and find the home of your dreams. We have all current East Brunswick homes for sale.