Is 08090, 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, 08090 was a Seller's Market.
Housing Prices in 08090, NJ
How much do homes in 08090, NJ cost?
Median Sold Price
$330,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08090 was $330,000 in April 2024, up 12.6% 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 | $199.9K | - | N/A |
2 Bedrooms | $220K | $260.1K | +18.3% |
3 Bedrooms | $270.5K | $317.5K | +17.4% |
4 Bedrooms | $340.2K | $360K | +5.8% |
5+ Bedrooms | $260K | $440K | +69.2% |
Summary: 08090 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 69.2%.
Housing Supply in 08090, NJ
How many homes are available in 08090, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 31 | +40.9% |
Summary: The 08090 real estate market had 31 homes for sale in April 2024, a 40.9% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 20 | +122.2% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 08090 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 122.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 08090 in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 08090, NJ
How long does it take to sell a home in 08090, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 39 Days | +201.9% |
Summary: Homes in 08090 had an average of 39 days on market in Apr 2024, up by 201.9% 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
Summary: During April 2024, 4 homes were sold in 08090; 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.