Is 08066, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 08066 was a Seller's Market.
Housing Prices in 08066, NJ
How much do homes in 08066, NJ cost?
Median Sold Price
$210,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08066 was $210,000 in April 2024, up 19% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $59.9K | -45.5% |
2 Bedrooms | $148K | $168K | +13.5% |
3 Bedrooms | $170K | $210K | +23.5% |
4 Bedrooms | $230K | $239.9K | +4.3% |
5+ Bedrooms | $332.5K | $175K | -47.4% |
Summary: 08066 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.5%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 47.4%.
Median Sold Price Compared To Nearby Zip Codes
08066 | $176.5K | $210K | +19.0% |
08086 | $260.5K | $310K | +19.0% |
08027 | $253K | $288K | +13.8% |
08061 | $340K | $356.5K | +4.9% |
08020 | $397.5K | $385K | -3.1% |
Housing Supply in 08066, NJ
How many homes are available in 08066, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 30 | -11.8% |
Summary: The 08066 real estate market had 30 homes for sale in April 2024, a 11.8% 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 | 5 | -44.4% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 08066 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 decreased by 44.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 08066 in April 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 08066, NJ
How long does it take to sell a home in 08066, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 34 Days | +80.7% |
Summary: Homes in 08066 had an average of 34 days on market in Apr 2024, up by 80.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 08066; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.