Is 08052, 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, 08052 has remained a Seller's Market.
Key Takeaway
08052 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08052, NJ
How much do homes in 08052, NJ cost?
Median Sold Price
$285,378
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 08052 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 08052 was $285,378 in April 2024, up 11.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $180K | +12.5% |
| 2 Bedrooms | $190K | $227K | +19.5% |
| 3 Bedrooms | $293K | $300K | +2.4% |
| 4 Bedrooms | $336K | $370K | +10.1% |
| 5+ Bedrooms | $299.5K | $360.5K | +20.4% |
Summary: 08052 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in 08052, NJ
How many homes are available in 08052, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Summary: The 08052 real estate market had 49 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 6 | 12 | +100.0% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08052 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08052, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 08052 in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 0% were sold under asking, 11% were sold at asking, and 89% were sold over asking.
Days on Market for 08052, NJ
How long does it take to sell a home in 08052, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 10 Days | -60.8% |
Summary: Homes in 08052 had an average of 10 days on market in Apr 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08052 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 08052; 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.
