Is 08015, 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, 08015 has remained a Seller's Market.
Housing Prices in 08015, NJ
How much do homes in 08015, NJ cost?
Median Sold Price
$305,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08015 was $305,000 in April 2024, up 12.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | $183K | +56.4% |
2 Bedrooms | $175K | $217.5K | +24.3% |
3 Bedrooms | $255K | $290K | +13.7% |
4 Bedrooms | $313.2K | $340K | +8.5% |
5+ Bedrooms | $317.5K | $330K | +3.9% |
Summary: 08015 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.4%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 08015, NJ
How many homes are available in 08015, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 90 | -1.1% |
Summary: The 08015 real estate market had 90 homes for sale in April 2024, a 1.1% 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 | 9 | 13 | +44.4% |
3 Bedrooms | 49 | 42 | -14.3% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 08015 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 increased by 44.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 23 | -23.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 08015 in April 2024, down by 23.3% month-over-month. Of the 23 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.
Days on Market for 08015, NJ
How long does it take to sell a home in 08015, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 34 Days | +7.8% |
Summary: Homes in 08015 had an average of 34 days on market in Apr 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 08015; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.