In July 2024, Hunterdon County home prices saw a 13.1% increase compared to the previous year, with a median price of $615K. Homes in Hunterdon County now take an average of 22 days on the market, slightly longer than the 17 days seen last year. A total of 151 homes were sold in July 2024, the same number as last year, indicating consistent buyer interest in this growing market.

Based on the data, Hunterdon County's real estate market appears competitive, but with some nuances. The 13.1% increase in home prices, rising to a median of $615K, indicates strong demand, as buyers are willing to pay more for homes. Additionally, homes are selling relatively quickly, with an average of 22 days on the market, although this is a slight increase from the 17 days last year, which suggests a marginal softening in the speed of transactions.

The consistent number of homes sold (151 in both July 2023 and July 2024) shows steady buyer interest, indicating that the market remains active. While the slight increase in days on the market might hint at a bit more breathing room for buyers, the price growth signals that competition for properties is still high, particularly in desirable areas.

Overall, Hunterdon County can be considered a moderately competitive market, with high demand driving price increases, but homes staying on the market a bit longer than before.

Homebuyers are drawn to Hunterdon County homes for sale for their spacious properties, historic architecture, and outdoor recreational opportunities. The county's thriving real estate market also offers a range of housing options, from luxury estates to affordable single-family homes and townhomes. Overall, Hunterdon County offers a high quality of life, combining the benefits of rural beauty with a strong housing market, making it an attractive option for those looking to buy a home in New Jersey.