Is 08004, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 08004 has remained a Seller's Market.
Housing Prices in 08004, NJ
How much do homes in 08004, NJ cost?
Median Sold Price
$300,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08004 was $300,000 in April 2024, up 4.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $220K | +2.3% |
3 Bedrooms | $265K | $300K | +13.2% |
4 Bedrooms | $354K | $376.1K | +6.2% |
5+ Bedrooms | $332.5K | $460K | +38.3% |
Summary: 08004 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 38.3%.
Housing Supply in 08004, NJ
How many homes are available in 08004, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 43 | +4.9% |
Summary: The 08004 real estate market had 43 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 24 | 19 | -20.8% |
4 Bedrooms | 10 | 17 | +70.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 08004 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes increased by 70%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 08004 in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for 08004, NJ
How long does it take to sell a home in 08004, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
103 Days | 33 Days | -68.1% |
Summary: Homes in 08004 had an average of 33 days on market in Apr 2024, down by 68.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 08004; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.