Is Carteret, NJ 07008 a buyer’s or seller’s market?

The Carteret housing market right now

In the three months ending August 31, 2026, 56% of homes in Carteret, NJ 07008 sold above their list price, the typical home went under contract in 72 days and there were 5.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 44 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold more slowly (69 days then) and the median sale price rose 5% to $574,751. Overall, Carteret is more competitive than a year ago, so tougher for buyers.

Within Middlesex County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell more often over asking than in 54%. On our competition score, Carteret ranks #361 of 444 NJ ZIP codes with enough sales (score 60 out of 100).

Nearby, buyers who want less competition could look at Plainsboro 08536 (26% sold over asking) or Monroe Township 08831 (35% sold over asking), while Sewaren 07077 (100% sold over asking) and Middlesex 08846 (87% sold over asking) are even more competitive.