Is 08098, 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, 08098 was a Seller's Market.
Housing Prices in 08098, NJ
How much do homes in 08098, NJ cost?
Median Sold Price
$358,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08098 was $358,000 in April 2024, up 11% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | - | N/A |
2 Bedrooms | $170K | $211K | +24.1% |
3 Bedrooms | $270.3K | $302K | +11.7% |
4 Bedrooms | $450K | $470K | +4.4% |
5+ Bedrooms | - | $441.5K | N/A |
Summary: 08098 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 24.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes did not change.
Housing Supply in 08098, NJ
How many homes are available in 08098, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 33 | +22.2% |
Summary: The 08098 real estate market had 33 homes for sale in April 2024, a 22.2% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 9 | 14 | +55.6% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 08098 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 25%, 3 bedroom homes increased by 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 08098 in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 08098, NJ
How long does it take to sell a home in 08098, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 25 Days | -49.4% |
Summary: Homes in 08098 had an average of 25 days on market in Apr 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 08098; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.