Total Number of homes available for sale in Branchburg NJ is 67

Average List Price of those 67 homes in Branchburg, NJ: $610,340 with an Average of 3.7 Bedrooms, 2.5 Full Baths, and 1.5 Garages

Average Days on the Market: 145 days

Total number of homes that are currently Under Contract: 17

Average List Price of those 17 homes: $475,024

In the last 30 days, the total number of homes that have gone Under Contract: 4

The current absorption rate for Branchburg, NJ is:  16.75 months

In the last 30 days, the total number of homes that have Sold is 12

For the 12 homes, the average List Price was: $411,008 vs Average Sold Price of $395,792

Average Days on the Market for the sold homes was 72 days

To summarize, based on the high absorption rate, home sellers need to make sure that the list price of their home is a true reflection of the location and condition of the home.  If these numbers are misaligned, your home will linger on the market. 

Claudia Marrone is a top 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.

Claudia Marrone
Realtor, Associate
NJAR Circle of Excellence Sales Award – Gold Level 2015

Re/Max Classic Group
O: 908-393-8143
C: 908-304-4520

Source: GSMLS 1/19/2017