Is 08243, 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, 08243 was a Neutral Market.
Housing Prices in 08243, NJ
How much do homes in 08243, NJ cost?
Median Sold Price
$1,687,500
$753/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08243 was $1,687,500 in April 2024, up 25% from last year, and the median price per square foot was $753.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158K | - | N/A |
2 Bedrooms | $532K | $772.5K | +45.2% |
3 Bedrooms | $673.7K | $1.0M | +57.7% |
4 Bedrooms | $1.1M | $1.7M | +54.7% |
5+ Bedrooms | $1.8M | $1.7M | -5.5% |
Summary: 08243 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 45.2%, 3 bedroom homes increased by 57.7%, 4 bedroom homes increased by 54.7%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Zip Codes
08243 | $1.3M | $1.6M | +25.0% |
08230 | $394.9K | $479K | +21.3% |
08223 | $407.4K | $413.5K | +1.5% |
08210 | $427.5K | $369.9K | -13.5% |
Housing Supply in 08243, NJ
How many homes are available in 08243, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Summary: The 08243 real estate market had 31 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 08243 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 7 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 08243 in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 08243, NJ
How long does it take to sell a home in 08243, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
118 Days | 22 Days | -81.0% |
Summary: Homes in 08243 had an average of 22 days on market in Apr 2024, down by 81% compared to last year.
Breakdown of Home Sale Times
6 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, 7 homes were sold in 08243; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.