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Houses Sold at Asking Price or Above in Middlesex County, New Jersey

It happens that houses sometimes sell at the asking price but most of the time they do sell below or above the asking price. The real estate market is a free market and house prices are negotiated based on multi variables ending up with a sold price that is most likely to be different from the original or last asking price.

Knowing how many houses within a specific area sold at asking price or above can be very useful for home buyers and home sellers. It also provides real estate professionals with a better understanding of  current and local real estate market conditions. The following table provides the percentage of houses sold at asking price or above for most cities in Middlesex County NJ for the year 2011. 

When setting an asking price with our clients, we also analyze the last 6 months - 2 years time frame as to better understand short term trends and likely effect on an original asking price. Usually this exercise also needs  to be done  at a  more granular level such at a neighborhood level. The Houses Sold at Asking Price or Above Ratio is only one real estate statistic among others needed to better understand a current specific neighborhood trend. To help home buyers and home sellers make sound business decisions, those statistics should be targeted to the neighborhood of interest along with a current Comparative Market Analysis (CMA).

 

Houses Sold at Asking Price or Above by City in 2012*

Sold Homes Sold above asking Price
Avenel
56 16.1%
Carteret 102 13.7%
Colonia 141 7.1%
Cranbury 23 0.0%
Dunellen 38 21.1%
East Brunswick 250 10.4%
Edison 379 9.5%
Fords 82 7.3%
Helmetta 8 0.0%
Highland Park 50 20.0%
Hopelawn 14 14.3%
Iselin 104 12.5%
Jamesburg 16 6.3%
Keasbey 5 0.0%
Metuchen 106 7.5%
Middlesex 79 11.4%
Milltowm 47 17.0%
Monroe 146 6.2%
New Brunswick 56 14.3%
North Brunswick 106 14.2%
Old Bridge 300 14.7%
Perth Amboy 103 23.3%
Piscataway 180 18.3%
Plainsboro 65 7.7%
Port Read 19 21.1%
Sayreville 165 12.1%
Sewaren 27 22.2%
South Amboy 29 6.9%
South Brunswick 178 10.7%
South Plainfield 114 11.4%
South River 80 20.0%
Spotswood 34 11.8%
Woodbridge 80 16.3%

*Data from the Middlesex County Multi Listings System. Calculated on 01/16/2012. Please read our Disclaimer