North Brunswick, NJ 08902 Real Estate Market Report

ZIP Code: 08902
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in North Brunswick is characterized by a median sold price of $602,999.50, reflecting a slight cooling trend in home values. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics. Despite this decline in sold prices, the market remains active with elevated inventory levels, suggesting a balance between supply and demand, albeit with slower sales velocity due to extended median days on market of 280 days. This extended time frame may indicate a cautious approach from buyers amidst current economic conditions.

The median listing price stands at $624,999, which presents a notable gap compared to the sold price, potentially indicating seller expectations that are not fully aligned with current market realities. Furthermore, the rental market shows strength with a median market rent of $2,850, which has been trending up year-over-year, highlighting robust demand for rental properties amidst elevated interest rate pressure affecting buyer affordability.

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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.

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Market Metrics

Note: 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.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in North Brunswick, NJ are averaging 6.58%, which is 1.1% higher than the typical rates around 5.4% when loans originated in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $602,999.50 reflects a down trend of 8% since 2022, indicating a cooling market.

2. With a median listing price of $624,999, there is a pricing gap that may suggest seller expectations are misaligned with current buyer sentiment.

3. The median days on market of 280 days indicates slower sales velocity, which may reflect cautious buyer behavior in the current economic climate.

4. Rental demand remains strong, with median market rent increasing to $2,850, suggesting a resilient rental market despite broader economic pressures.

5. Current interest rate pressure is elevated, with mortgage rates averaging 6.58%, impacting buyer affordability and contributing to the cooling trend in home sales.

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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.