Is 08010, 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, 08010 has remained a Seller's Market.
Housing Prices in 08010, NJ
How much do homes in 08010, NJ cost?
Median Sold Price
$300,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08010 was $300,000 in April 2024, up 20% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.5K | $132.5K | +13.7% |
2 Bedrooms | $166.7K | $235K | +40.9% |
3 Bedrooms | $275K | $337.9K | +22.9% |
4 Bedrooms | $255K | $352.5K | +38.2% |
5+ Bedrooms | $400K | $330K | -17.5% |
Summary: 08010 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 40.9%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 38.2%, and 5+ bedroom homes decreased by 17.5%.
Housing Supply in 08010, NJ
How many homes are available in 08010, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 39 | +21.9% |
Summary: The 08010 real estate market had 39 homes for sale in April 2024, a 21.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 08010 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 16.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 08010 in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 08010, NJ
How long does it take to sell a home in 08010, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 19 Days | -22.1% |
Summary: Homes in 08010 had an average of 19 days on market in Apr 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 08010; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.