Is 08084, 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, 08084 has remained a Seller's Market.
Key Takeaway
08084 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08084, NJ
How much do homes in 08084, NJ cost?
Median Sold Price
$300,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 08084 have sold for 21.2% more than they did a year ago.
Summary: The median home sold price in 08084 was $300,000 in April 2024, up 21.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105.4K | $118K | +11.9% |
| 2 Bedrooms | $192.5K | $160K | -16.9% |
| 3 Bedrooms | $239K | $300K | +25.5% |
| 4 Bedrooms | $310K | $335K | +8.1% |
| 5+ Bedrooms | - | $380K | N/A |
Summary: 08084 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes did not change.
Housing Supply in 08084, NJ
How many homes are available in 08084, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The 08084 real estate market had 16 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 08084 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08084, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 08084 in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 08084, NJ
How long does it take to sell a home in 08084, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 34 Days | -0.2% |
Summary: Homes in 08084 had an average of 34 days on market in Apr 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08084 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 08084; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
