Is 08036, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 08036 was a Seller's Market.
Housing Prices in 08036, NJ
How much do homes in 08036, NJ cost?
Median Sold Price
$440,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 08036 was $440,000 in May 2024, up 4.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $380K | $350K | -7.9% |
3 Bedrooms | $355K | $414K | +16.6% |
4 Bedrooms | $590K | $650K | +10.2% |
5+ Bedrooms | $820K | $645K | -21.3% |
Summary: 08036 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 21.3%.
Housing Supply in 08036, NJ
How many homes are available in 08036, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 14 | -30.0% |
Summary: The 08036 real estate market had 14 homes for sale in May 2024, a 30.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 08036 housing inventory by bedroom type for May 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 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 1 | -83.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 08036 in May 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 08036, NJ
How long does it take to sell a home in 08036, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 15 Days | +50.0% |
Summary: Homes in 08036 had an average of 15 days on market in May 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in 08036; 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.