Bridgewater, NJ 08807 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. median sold price: $519,000 — The median sold price is the primary indicator of recent market value and suggests completed transactions are settling around this level; despite higher asking prices, transaction prices appear to reflect actual buyer valuation rather than seller expectations.
2. median listing price: $768,880 — The median listing price sits notably above the median sold price, which may indicate pricing friction and seller expectation mismatch that could prolong negotiation cycles or require price adjustments to align with realized sale levels.
3. median days on market: 250 — Extended median days on market points to slower sales velocity and reduced transaction cadence; this longer time-to-contract may reflect the pricing gap and suggests sellers may need to be more patient or strategically price to improve liquidity.
4. price trend and market context — Broader indicators show price year-over-year trend is up, market temperature is neutral, rent year-over-year trend is up, and interest rate pressure is moderate; combined with a median price per square foot of $344 and median market rent of $3,000, this suggests stable-to-strengthening price fundamentals but with caution on listing-to-sale alignment and transaction speed.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.