Is 08103, 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, 08103 was a Seller's Market.
Housing Prices in 08103, NJ
How much do homes in 08103, NJ cost?
Median Sold Price
$108,696
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08103 was $108,696 in April 2024, down 0.7% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114.9K | - | N/A |
2 Bedrooms | $66.5K | $108.6K | +63.5% |
3 Bedrooms | $110K | $108.6K | -1.2% |
4 Bedrooms | $125K | $117.5K | -6.0% |
5+ Bedrooms | - | - | N/A |
Summary: 08103 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 63.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes did not change.
Housing Supply in 08103, NJ
How many homes are available in 08103, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 38 | +8.6% |
Summary: The 08103 real estate market had 38 homes for sale in April 2024, a 8.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 20 | 19 | -5.0% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 08103 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 increased by 100%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 08103 in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 08103, NJ
How long does it take to sell a home in 08103, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 33 Days | -19.1% |
Summary: Homes in 08103 had an average of 33 days on market in Apr 2024, down by 19.1% compared to last year.
Breakdown of Home Sale Times
3 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, 4 homes were sold in 08103; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.