Is 08215, 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, 08215 was a Seller's Market.
Housing Prices in 08215, NJ
How much do homes in 08215, NJ cost?
Median Sold Price
$260,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 08215 was $260,000 in March 2024, down 1% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $307.4K | $140K | -54.5% |
2 Bedrooms | $229.9K | $215K | -6.5% |
3 Bedrooms | $265K | $272.4K | +2.8% |
4 Bedrooms | $282K | $292K | +3.5% |
5+ Bedrooms | $304K | $400K | +31.6% |
Summary: 08215 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.5%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 31.6%.
Housing Supply in 08215, NJ
How many homes are available in 08215, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 74 | +19.4% |
Summary: The 08215 real estate market had 74 homes for sale in March 2024, a 19.4% 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 | 12 | +50.0% |
3 Bedrooms | 41 | 46 | +12.2% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 08215 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 50%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 08215 in March 2024, up by 140.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 08215, NJ
How long does it take to sell a home in 08215, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 38 Days | +135.7% |
Summary: Homes in 08215 had an average of 38 days on market in Mar 2024, up by 135.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 08215; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.