Is 08006, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 08006 has remained a Buyer's Market.
Key Takeaway
08006 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08006, NJ
How much do homes in 08006, NJ cost?
Median Sold Price
$2,037,000
$1,043/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 08006 have sold for 0.6% less than they did a month ago.
Summary: The median home sold price in 08006 was $2,037,000 in April 2024, down 0.6% from last month, and the median price per square foot was $1,043.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $2.0M | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $2.0M | N/A |
Summary: 08006 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 08006, NJ
How many homes are available in 08006, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The 08006 real estate market had 17 homes for sale in April 2024, a 10.5% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 08006 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 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08006, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 08006 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 08006, NJ
How long does it take to sell a home in 08006, NJ?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 6 Days | -74.0% |
Summary: Homes in 08006 had an average of 6 days on market in Apr 2024, down by 74% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08006 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 08006; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.