$10,000 Closing Credit*
$1,900,000
Listing Office: Anhalt Realty, LLC
Is 08232, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, 08232 was a Seller's Market.
Key Takeaway
08232 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 08232, NJ
How much do homes in 08232, NJ cost?
Median Sold Price
$230,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$45,000(+24.3%)
Key Takeaway
Homes in 08232 have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in 08232 was $230,000 in August 2024, up 24.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $115K | +76.9% |
| 2 Bedrooms | $131.5K | $150K | +14.1% |
| 3 Bedrooms | $226.6K | $242K | +6.8% |
| 4 Bedrooms | $245K | $295K | +20.4% |
| 5+ Bedrooms | $170K | $307.5K | +80.9% |
Summary: 08232 housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.9%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 80.9%.
Housing Supply in 08232, NJ
How many homes are available in 08232, NJ?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 78 | 74 | -5.1% |
Summary: The 08232 real estate market had 74 homes for sale in August 2024, a 5.1% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 17 | 11 | -35.3% |
| 3 Bedrooms | 42 | 42 | 0.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 08232 housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 35.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 24 | 13 | -45.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08232, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 08232 in August 2024, down by 45.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for 08232, NJ
How long does it take to sell a home in 08232, NJ?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 14 Days | 37 Days | +159.6% |
Summary: Homes in 08232 had an average of 37 days on market in Aug 2024, up by 159.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08232 are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 13 homes were sold in 08232; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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.