Is Edison, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Edison has remained a Seller's Market.
Housing Prices in Edison, NJ
How much do homes in Edison, NJ cost?
Median Sold Price
$537,166
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Edison was $537,166 in April 2024, up 9.9% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.5K | $180K | +25.4% |
2 Bedrooms | $335K | $390K | +16.4% |
3 Bedrooms | $482K | $520K | +7.9% |
4 Bedrooms | $650K | $680K | +4.6% |
5+ Bedrooms | $798K | $876K | +9.8% |
Summary: Edison housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.4%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
Metuchen | $520K | $630K | +21.2% |
Edison Township | $487.8K | $537.5K | +10.2% |
Edison | $488.6K | $537.1K | +9.9% |
Fords | $425K | $450K | +5.9% |
Housing Supply in Edison, NJ
How many homes are available in Edison, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
212 | 264 | +24.5% |
Summary: The Edison real estate market had 264 homes for sale in April 2024, a 24.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 33 | 41 | +24.2% |
3 Bedrooms | 64 | 73 | +14.1% |
4 Bedrooms | 50 | 66 | +32.0% |
5+ Bedrooms | 54 | 70 | +29.6% |
Summary: The Edison housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 29.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 71 | +69.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Edison in April 2024, up by 69.0% month-over-month. Of the 71 sold homes, 15% were sold under asking, 7% were sold at asking, and 77% were sold over asking.
Days on Market for Edison, NJ
How long does it take to sell a home in Edison, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 40 Days | -0.1% |
Summary: Homes in Edison had an average of 40 days on market in Apr 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 71 homes were sold in Edison; 63% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.