Is 08105, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 08105 has remained a Seller's Market.
Key Takeaway
08105 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08105, NJ
How much do homes in 08105, NJ cost?
Median Sold Price
$175,000
$137/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 08105 have sold for 34.7% more than they did a month ago.
Summary: The median home sold price in 08105 was $175,000 in April 2024, up 34.7% from last month, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72K | - | N/A |
| 2 Bedrooms | $129.9K | - | N/A |
| 3 Bedrooms | $187K | $165K | -11.8% |
| 4 Bedrooms | - | $182.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 08105 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 11.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 08105 | $129.9K | $175K | +34.7% |
| 08102 | $199.6K | $150K | -24.9% |
Housing Supply in 08105, NJ
How many homes are available in 08105, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The 08105 real estate market had 33 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08105 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08105, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 08105 in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 08105, NJ
How long does it take to sell a home in 08105, NJ?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 24 Days | +177.9% |
Summary: Homes in 08105 had an average of 24 days on market in Apr 2024, up by 177.9% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08105 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in 08105; 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.
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