Metuchen, NJ, offers a diverse and competitive real estate market. As of October 2023, the median listing home price was around $625K, with homes selling for an average of 2% above the asking price. The market is characterized as a seller's market, indicating more buyers than available homes. This competition is reflected in homes selling relatively quickly, with an average period of 39 days on the market​​​​.

The housing in Metuchen is predominantly single-family detached homes, accounting for a significant portion of the borough's housing units. Most homes in the area are owner-occupied, three and four-bedroom dwellings, with a large percentage built during the post-World War II era, from the '40s through the '60s. Despite being one of the higher-priced markets in New Jersey, Metuchen's home prices are still reasonable compared to the most expensive communities in the state​​.

In terms of home appreciation rates, Metuchen has experienced a lower rate than the national average over the past ten years. However, recent trends show some positive growth. For instance, over the last two years, the area has seen an appreciation rate of 15.73%, demonstrating a healthy growth in property values​​.

Metuchen's appeal is enhanced by its array of amenities, including grocery stores, cafes, and restaurants, and its proximity to larger urban centers, offering residents a balance between small-town charm and access to city life. The area's public schools are well-regarded, adding to its attractiveness for families​​.