Central New Jersey Summer Real Estate Update
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Recap of Central NJ Quarter 2, 2021
This market update is focused on the area we like to call the heart of New Jersey. This region comprises Somerset, Union, Morris, Hunterdon and Middlesex counties.
This summer quarter there have been 8454 new listings in this region which is a significant increase since quarter 2 of last summer. During this time both the average list and sold price increased since last summer. The houses are moving fast in this sweltering summer market ! The average days on the market is only 33 days.
The highlight of this market update is the single family listings ! The average sold price for these listings have increased by over an whooping $100k since last summer.
While the single family listings dominate the market, townhouses and condos are also doing quite well. With a significant increase in inventory, the average listing and sales price have increased by 3% and 13% respectively.
PICK OF THE QUARTER
The Destination NJ featured listing for this quarter is 57 Wertsville Road located in Hillsborough. This is an older property that has been beautifully renovated in 2021. This house is situated on nearly 5 acres of land and it features a magnificent kitchen and beautiful lighting. Stunning modern floor plans run throughout the house and it is catching the eyes of many.
Thanks for checking out this Heart of NJ Q2 2021 market update, feel free to reach out with any questions at [email protected] and check out all the listings in this area and all our other market updates for this summer!!