Al’s October 2025 Market Watch

October, 2025

The State Of The Bridgewater Real Estate Market

This edition of Market Watch will take a look at the Bridgewater Market as of the end of the third quarter 2025. It
will examine the active listings, those under contract and listings that had been sold. The information will be broken
down by several segments so readers can gain a greater understanding of the dynamics of the Bridgewater market.

Active Listings

At the end of September, there were 57 active listings in the Township. Of the total, 37 were single family homes,
20 were condos or townhomes. Of the 57 active listings, 9 were in attorney review, meaning an offer was accepted
and the agreement sent for attorney approval. Listings in attorney review are usually not available for any more
showings, and will not accept additional offers.

Ten active listings had 2 bedrooms, 20 had 3 bedrooms, 15 had 4 bedrooms and the remaining 12 had 5 or more
bedrooms. The average listing price for a 2 bedroom home was $462,180. Most would be condos or townhomes.
Listings for 3 bedroom homes averaged $602,087, 4 bedroom homes $850,171 and 5 plus bedroom homes
$1,179,952. The average for all homes active in Bridgewater during September was $754,888.

There were 15 homes listed between $200,000 and $499,000 with 3 in attorney review. 17 homes were listed
between $500,000 and $699,000 with 4 in attorney review. Between $700,000 and $999,999, there were 16 homes
listed with 2 in attorney review. And above $1,000,000, there were 9 homes listed with none in attorney review. In
this last segment, 2 listing had 4 bedrooms, and 7 with 5 or more bedrooms.

Under Contract Listings

There were 37 listings that were under contract at the end of September, meaning the sellers had accepted an
offer, the respective attorneys had approved the contract, and the home was off the market. Eleven were town
homes, the rest single family residences.

Six of the homes under contract had 2 bedrooms. There were 14 homes under contract with 3 bedrooms, and 7
homes with 4 bedrooms. 10 homes under contract had 5 plus bedrooms. The average listing price for a 2 bedroom
home under contract was $469,533, and for 3 bedroom home, $614,750. For 4 bedroom homes under contract the
average listing price was $813,850, and for 5 plus bedroom homes, $851,483.

There were 7 homes under contract that were listed between $200,000 and $499,999. 11 homes between $500,000 and $699,999 were under contract. There were 14 under contract between $700,000 and $999,999 and
5 homes above $1,000,000 under contract. In this last segment all had 5 bedrooms.

Sold Listings

There were 31 homes sold during September in Bridgewater. Of the total 14 were condos or townhomes, the rest
single family residences. For the year thru September, there were 319 homes sold.

Of the 31 homes sold during September, none had 1 bedroom, 7 had 2 bedrooms, 10 with 3 bedrooms, 9 with 4
bedrooms and 5 with 5 or more bedrooms. The average sold price for 2 bedroom homes was $437,429. For 3 and
4 bedroom homes, the average sold price was $634,336 and $860,000 The average sold price for 5 or more bed
room homes was $1,108,000. The average selling price for all homes during September was $731,786.

There were 9 homes sold with prices between $200,000 and $499,999. Between $500,000 and $699,999, there
were 7 homes sold. 10 homes sold between $700,000 and $999,999 and 5 homes sold above $1,000,000.
Looking at the 319 homes sold thru September, 4 had 1 bedroom and had an average selling price of $347,500.
For 2 bedroom homes, the average selling price was $454,638 and there were 68 homes in that segment. There
were 96 3 bedroom homes sold thru September with an average selling price of $624,206, while the average selling
price for the 106 4 bedroom homes sold was $853,514. For the 45 5 or more bedroom homes, the average selling
price was $1,148,200. The average selling price for all homes for the first 3 quarters was $733,729. That was a 2.6
percent increase from 2024.

For the month of September, the average days on market was 29. This is the time from the first day of listing till
the end of the attorney review period. It is not till the closing date. For the time from the beginning of January to the
end of September, the average days on market was 27.

During September, the average selling price to list price was 101 percent. For the first three quarters the same
ratio was103 percent. Lastly, the average month’s supply of homes for just September was 2.79 months. For the
year thru September it was 2.14

New Bill Seeks To Ease Homeownership For First-Time Buyers

There may finally be some welcome news for first-time home buyers. U.S. Senator Todd Young (R-Ind), along
with Ruben Gallego (D-Ariz), has introduced legislation that aims to help first-time home buyers. The bill, named the
Uplifting First-Time Homebuyers Act, would help buyers purchase more homes by increasing the Individual Retire
ment Account (IRA) tax exemption.

The tax exemption was created by Congress in 1997 and allows first-time homebuyers to withdraw up to $10,000
from their IRAs without incurring the standard 10 percent early withdrawal penalty. The withdrawal can be used to
buy, build, or rebuild their first home.

The Uplifting First-Time Homebuyers Act would raise the qualified distribution from $10,000 to $50,000, a move
the sponsors suggest would better align with today’s housing market. Senator Young further explains,
“Homeownership is critical to strengthening families, building generational wealth and cultivating stronger communi
ties. By updating the IRA withdrawal limits to better match the realities of today’s economy, our bill will unlock more
opportunities for Americans to become homeowners and invest in their future.”

Senator Gallego added that updating the IRA homebuyer exception is long overdue, as the average price of a
home since the exception was created has nearly quadrupled. “ Homeownership is the cornerstone of the American
dream, and for good reason. Owning a home is a proven way to build generational wealth and retirement security.
But too many young Americans feel like that dream is out of reach. By updating the decades-old IRA homebuyer
exception to reflect the reality of housing costs today, this bill helps make homeownership possible for the next gen
eration.”

Market Watch will update its readers on this when available.