Local Market Conditions

Metuchen Boro Market Update

New Listings and Closed Sales

• New Listings:
  • 2024: 13
  • 2025: 19
  • Percent Change: +46.2%
• Closed Sales:
  • 2024: 131
  • 2025: 310
  • Percent Change: -23.1%

Days on Market

• Days on Market Until Sale:
  • 2024: 23 days
  • 2025: 23 days
  • Percent Change: 0.0% (no change)

Median Sales Price

• Median Sales Price:
  • 2024: $625,000
  • 2025: $720,000
  • Percent Change: +15.2%

Percent of List Price Received

• Percent of List Price Received:
  • 2024: 106.7%
  • 2025: 103.3%
  • Percent Change: -3.2%

Inventory of Homes for Sale

• Inventory:
  • 2024: 15 homes
  • 2025: 18 homes
  • Percent Change: +20.0%

Months Supply of Inventory

• Months Supply:
  • 2024: 1.9 months
  • 2025: 1.9 months
  • Percent Change: 0.0% (no change)

Historical Trends

The document also includes a historical overview of median sales prices by property type over the years, highlighting market fluctuations and providing context for current data.

Conclusion

The market update for Metuchen Boro shows significant changes in the real estate landscape, particularly in new listings and median sales prices. The data indicate a robust market with increasing prices and a stable inventory level, suggesting a competitive environment for buyers and sellers alike.

Any questions or comments, please reach out to me at:

Office: Keller Williams Elite, Realtors 732-549-1998 EXT. 103

Cell: 732-763-4100

Email: Locola@kw.com

Website: www.Lorraine.Realtor