Is 08021, 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, 08021 has remained a Seller's Market.
Housing Prices in 08021, NJ
How much do homes in 08021, NJ cost?
Median Sold Price
$240,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08021 was $240,000 in April 2024, up 9.1% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $90K | +20.0% |
2 Bedrooms | $154K | $175K | +13.6% |
3 Bedrooms | $233.4K | $257.5K | +10.3% |
4 Bedrooms | $270K | $310.5K | +15.0% |
5+ Bedrooms | $345K | $375K | +8.7% |
Summary: 08021 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in 08021, NJ
How many homes are available in 08021, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 135 | -0.7% |
Summary: The 08021 real estate market had 135 homes for sale in April 2024, a 0.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 35 | 38 | +8.6% |
3 Bedrooms | 69 | 63 | -8.7% |
4 Bedrooms | 25 | 26 | +4.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 08021 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 8.6%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 36 | -10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 08021 in April 2024, down by 10.0% month-over-month. Of the 36 sold homes, 25% were sold under asking, 11% were sold at asking, and 64% were sold over asking.
Days on Market for 08021, NJ
How long does it take to sell a home in 08021, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 20 Days | -35.4% |
Summary: Homes in 08021 had an average of 20 days on market in Apr 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
30 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, 36 homes were sold in 08021; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.