Is 08201, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 08201 was a Buyer's Market.
Key Takeaway
08201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08201, NJ
How much do homes in 08201, NJ cost?
Median Sold Price
$294,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 08201 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 08201 was $294,000 in March 2024, up 3.5% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $165K | +39.8% |
| 2 Bedrooms | $163K | $163.7K | 0.5% |
| 3 Bedrooms | $279.6K | $299.9K | +7.3% |
| 4 Bedrooms | $339.9K | $349K | +2.7% |
| 5+ Bedrooms | $377.5K | $449K | +18.9% |
Summary: 08201 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.8%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 18.9%.
Housing Supply in 08201, NJ
How many homes are available in 08201, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 60 | +20.0% |
Summary: The 08201 real estate market had 60 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 08201 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08201, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 08201 in March 2024, up by 22.2% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 08201, NJ
How long does it take to sell a home in 08201, NJ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 27 Days | -31.1% |
Summary: Homes in 08201 had an average of 27 days on market in Mar 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08201 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 08201; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.