Real Estate Market Update for 08854 (Piscataway, NJ)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 37% from one year earlier, and up 6% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 27%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold increased 24% year-over-year, and increased more than 150% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 08854 (Piscataway, NJ)
Area Information for 08854 (Piscataway, NJ)
  • Population: 60,667
  • Median Age: 34.32 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 3,222/sq mi
  • Population Change Since 2000: 20.33%
  • Closest Airport: Newark Liberty International
  • Closest College: Rutgers Grad Sch Applied-prof Psychology
  • Closest Jr. College: Middlesex County College
  • Median Household Income: $87,702
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $284,745
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 27.03%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 08854 (Piscataway, NJ)
Median Age: 34.32 Married: 41% Number of Households: 18,774 Households with Children: 6,966
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 08854 (Piscataway, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      The Goddard School Of Piscataway 0.4 mi Private PRESCHOOL-K 0 0
      Piscataway Twp High School 0.4 mi Public 9-12 3 4
      Kinder College 0.5 mi Private PRESCHOOL-PRESCHOOL 0 0
      Lake Nelson Sda School 0.5 mi Private PRESCHOOL-9 0 0
      Randolphville Elementary School 0.7 mi Public K-3 4 0
      Theodore Schor Middle School 1.2 mi Public 6-8 2 0
      Conackamack Middle School 1.2 mi Public 6-8 3 0
      Dwight D. Eisenhower Elementary School 1.3 mi Public K-3 2 0
      Martin Luther King Elementary School 1.3 mi Public 4-5 0 0
      Cclc At Piscataway 1.3 mi Private PRESCHOOL-K 0 0
      Knollwood Elementary School 1.4 mi Public K-3 4 0
      Grandview Elementary School 1.5 mi Public K-3 3 0
      St. Frances Cabrini School 1.7 mi Catholic PRESCHOOL-8 0 0
      Yeshiva Shaarei Tzion Girls School 1.9 mi Private PRESCHOOL-8 0 0
      The First Class 1.9 mi Private PRESCHOOL-K 0 0
      Quibbletown Middle School 2.0 mi Public 6-8 3 0
      Start Rite Kindergarten School 2.0 mi Private PRESCHOOL-K 0 0
      Yeshiva Shaarei Tzion Boys 2.2 mi Private K-8 0 0
      Mdsx Co Voc Pisc Career Develop 2.4 mi Public 9-12 0 3
      Middlesex Co Voc School Piscataway School Of Career Develop 2.4 mi Public - 0 0
      Rutgers Livingston Day Care Ctr Inc 2.4 mi Private PRESCHOOL-K 0 0
      Bright Beginnings Lrn Cnt 2.5 mi Public 3-12 0 0
      N J Reg Day piscataway 2.5 mi Public 9-12 0 0
      Middlesex County Academy 2.6 mi Public 7-12 0 0
      Raritan Valley Academy 2.6 mi Public 2-12 0 0
      Timothy Christian School 2.7 mi Private K-12 0 0
      Arbor Elementary School 3.2 mi Public 4-5 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 08854 (Piscataway, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.