Is 08083, 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, 08083 was a Seller's Market.
Housing Prices in 08083, NJ
How much do homes in 08083, NJ cost?
Median Sold Price
$300,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08083 was $300,000 in April 2024, up 15.4% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $128K | +42.2% |
2 Bedrooms | $160K | $200K | +25.0% |
3 Bedrooms | $250K | $290K | +16.0% |
4 Bedrooms | $310K | $362.5K | +16.9% |
5+ Bedrooms | $249.5K | $390K | +56.3% |
Summary: 08083 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.2%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 56.3%.
Median Sold Price Compared To Nearby Zip Codes
08084 | $247.5K | $300K | +21.2% |
08083 | $260K | $300K | +15.4% |
08021 | $220K | $240K | +9.1% |
08049 | $260.5K | $280K | +7.5% |
08045 | $280K | $296K | +5.7% |
Housing Supply in 08083, NJ
How many homes are available in 08083, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The 08083 real estate market had 26 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08083 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 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 3 | -70.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 08083 in April 2024, down by 70.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 08083, NJ
How long does it take to sell a home in 08083, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 9 Days | -57.8% |
Summary: Homes in 08083 had an average of 9 days on market in Apr 2024, down by 57.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 08083; 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.