Is Dunellen, NJ 08812 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Dunellen is a seller’s market. With about 2.8 months of supply and 56% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Heat score41/ 100

#54 of 110 ZIP codes in Middlesex, Monmouth, Ocean & Somerset, NJ, and #347 of 531 across all the markets we track.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works

Months of supply2.8Under 4 months = seller’s market
Sold above original list56.1%Share of sales, last 3 months
Median sale-to-list101.2%Sold price ÷ list price
Median days on market26Listing to accepted offer
Median price per sq ft$356▲ +0.1% vs. last year

The Dunellen housing market right now

In the three months ending August 31, 2026, 56% of homes in Dunellen, NJ 08812 sold above their list price, the typical home went under contract in 26 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 42 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 67%, homes sold more slowly (22 days then) and the median sale price rose 5% to $609,736. Overall, Dunellen is less competitive than a year ago, which gives buyers more room.

Within Somerset County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 77%. On our competition score, Dunellen ranks #180 of 444 NJ ZIP codes with enough sales (score 81 out of 100).

Nearby, buyers who want less competition could look at Warren 07059 (39% sold over asking) or Watchung 07069 (46% sold over asking), while Bedminster 07921 (80% sold over asking) and Raritan 08869 (79% sold over asking) are even more competitive.

Nearby markets

Basking Ridge 07920Seller’s market $439 /sq ftBedminster 07921Seller’s market $456 /sq ftBelle Mead 08502Seller’s market $384 /sq ftBernardsville 07924Seller’s market $472 /sq ft Browse all markets →

Where Dunellen is

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Questions about Dunellen real estate

Is Dunellen a buyer’s or seller’s market?

A seller’s market: there were 2.8 months of supply in Dunellen, NJ 08812 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Dunellen?

The typical home went under contract in 26 days in the latest three months.

Do homes in Dunellen sell over asking?

56% of homes sold above their original list price, and the typical sale closed at 101.2% of the list price.

What are property taxes in Dunellen?

About 2.03% of a home’s value a year in Somerset County, where towns range from 1.23% to 2.65%, or roughly $8,120 on a $400,000 home.

What is the median home price in Dunellen?

The median sale price was $609,736 in the three months ending August 31, 2026, about $356 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology