Is Raritan, NJ 08869 a buyer’s or seller’s market?
Raritan is a seller’s market. With about 1.1 months of supply and 79% 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.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Raritan housing market right now
In the three months ending August 31, 2026, 79% of homes in Raritan, NJ 08869 sold above their list price, the typical home went under contract in 23 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (80% then), homes sold more slowly (20 days then) and the median sale price fell 11% to $554,760. Overall, Raritan is about as competitive as it was a year ago.
Within Somerset County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 91%.
Nearby, buyers who want less competition could look at Warren 07059 (39% sold over asking) or Watchung 07069 (46% sold over asking).
Run the numbers for 08869
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 →Towns like Raritan nearby
Find towns like Raritan in other states →Where Raritan is
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Questions about Raritan real estate
Is Raritan a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Raritan, NJ 08869 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 Raritan?
The typical home went under contract in 23 days in the latest three months.
Do homes in Raritan sell over asking?
79% of homes sold above their original list price, and the typical sale closed at 104.4% of the list price.
What are property taxes in Raritan?
About 2.01% of a home’s value a year in Raritan Boro, Somerset County, or roughly $8,036 on a $400,000 home.
What is the median home price in Raritan?
The median sale price was $554,760 in the three months ending August 31, 2026, about $350 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