Is 08094, 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, 08094 has remained a Seller's Market.
Housing Prices in 08094, NJ
How much do homes in 08094, NJ cost?
Median Sold Price
$305,133
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08094 was $305,133 in April 2024, up 6.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84K | $100K | +19.0% |
2 Bedrooms | $239K | $255K | +6.7% |
3 Bedrooms | $267.5K | $285K | +6.5% |
4 Bedrooms | $386K | $376.5K | -2.5% |
5+ Bedrooms | $522.5K | $507.5K | -2.9% |
Summary: 08094 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in 08094, NJ
How many homes are available in 08094, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
143 | 145 | +1.4% |
Summary: The 08094 real estate market had 145 homes for sale in April 2024, a 1.4% 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 | 25 | 22 | -12.0% |
3 Bedrooms | 64 | 66 | +3.1% |
4 Bedrooms | 41 | 45 | +9.8% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 08094 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 12%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 08094 in April 2024, the same as the previous month. Of the 31 sold homes, 26% were sold under asking, 26% were sold at asking, and 48% were sold over asking.
Days on Market for 08094, NJ
How long does it take to sell a home in 08094, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 20 Days | -41.9% |
Summary: Homes in 08094 had an average of 20 days on market in Apr 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in 08094; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.