Is 08035, 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, 08035 has remained a Seller's Market.
Housing Prices in 08035, NJ
How much do homes in 08035, NJ cost?
Median Sold Price
$465,000
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08035 was $465,000 in April 2024, up 21.4% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $222K | $278.7K | +25.6% |
3 Bedrooms | $340K | $405K | +19.1% |
4 Bedrooms | $428.7K | $600K | +39.9% |
5+ Bedrooms | $625.5K | $525K | -16.1% |
Summary: 08035 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 25.6%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 39.9%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Zip Codes
08035 | $383K | $465K | +21.4% |
08059 | $247K | $287K | +16.2% |
08007 | $279K | $320K | +14.7% |
08033 | $615K | $701K | +14.0% |
08106 | $319.7K | $321.5K | 0.5% |
Housing Supply in 08035, NJ
How many homes are available in 08035, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 27 | +35.0% |
Summary: The 08035 real estate market had 27 homes for sale in April 2024, a 35.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 08035 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 remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 08035 in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 08035, NJ
How long does it take to sell a home in 08035, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 26 Days | -50.0% |
Summary: Homes in 08035 had an average of 26 days on market in Apr 2024, down by 50% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 08035; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.