Is 08096, 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, 08096 has remained a Seller's Market.
Housing Prices in 08096, NJ
How much do homes in 08096, NJ cost?
Median Sold Price
$286,625
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08096 was $286,625 in April 2024, up 1.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $131K | -25.1% |
2 Bedrooms | $227.5K | $249.5K | +9.7% |
3 Bedrooms | $280K | $270K | -3.6% |
4 Bedrooms | $322K | $377.5K | +17.2% |
5+ Bedrooms | $336K | $369K | +9.8% |
Summary: 08096 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in 08096, NJ
How many homes are available in 08096, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 142 | -1.4% |
Summary: The 08096 real estate market had 142 homes for sale in April 2024, a 1.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 80 | 76 | -5.0% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The 08096 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 30 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
8 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 08096 in April 2024, down by 16.7% month-over-month. Of the 30 sold homes, 3% were sold under asking, 27% were sold at asking, and 70% were sold over asking.
Days on Market for 08096, NJ
How long does it take to sell a home in 08096, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 21 Days | -11.4% |
Summary: Homes in 08096 had an average of 21 days on market in Apr 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in 08096; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.