Metuchen Housing Market Report January 2025•Middlesex County, New Jersey

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Housing Prices in Metuchen, NJ

How much do homes in Metuchen, NJ cost?

Housing Market Conditions

Is Metuchen, NJ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Metuchen is a Seller's Market

Difference Since January 2024

Since last year, Metuchen has remained a Seller's Market.

Insight

Metuchen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$697,500$401/SqFt
+$92,399
+15.3%

Based on all homes sold in the last 12 months

Insight

Homes in Metuchen have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in Metuchen was $697,500 in January 2025, up 15.3% from last year, and the median price per square foot was $401.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Edison
+18.9%
Edison Township
+18.7%
Metuchen
+15.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$291K-
N/A
2$380K$435K
+14.5%
3$581K$671K
+15.5%
4$685.5K$780K
+13.8%
5$875.9K$885K
+1.0%

Summary: Metuchen housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +14.5%. The home price for 3 bedroom homes increased by +15.5%. The home price for 4 bedroom homes increased by +13.8%. The home price for 5 bedroom homes increased by +1.0%.

Housing supply in Metuchen, NJ

How many homes are available in Metuchen, NJ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
43Last MonthJan 2025
432 months agoDec 2024
0.0 %
Change MoMDec – Jan

Summary: The Metuchen real estate market had 43 homes for sale in Jan 2025, the same as Dec 2024

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
16Last MonthJan 2025
152 months agoDec 2024
+6.7 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
102
+100.0%
288
0.0%
31417
+21.4%
41510
-33.3%
566
0.0%

Summary: Metuchen housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +21.4%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Metuchen, NJ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price12 Homes

At Asking Price3 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Metuchen, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Metuchen in January 2025, up by 6.7% month-over-month. Of the 16 sold homes, 6% were sold under asking, 19% were sold at asking, and and 75% were sold over asking.

Days on Market for Metuchen, NJ

How long does it take to sell a home in Metuchen, NJ?

Breakdown of Home Sale Times

Under 30 Days11 Homes

30 – 90 Days4 Homes

Over 90 Days0 Home

Insight

Many homes in Metuchen are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 16 homes were sold in Metuchen; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
20 DaysThis YearJan 2025
12 Days1 year agoJan 2024
+73.9 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Metuchen had an average listing age of 20 days in Jan 2025, up by 73.9% compared to the previous year.

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Newest Listings in Metuchen, NJ

What homes are available in Metuchen, NJ?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from ALL JERSEY MLS, for the period 02/01/2023 - 02/01/2025

IDX The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.