Is 08260, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 08260 has remained a Seller's Market.
Housing Prices in 08260, NJ
How much do homes in 08260, NJ cost?
Median Sold Price
$499,499
$494/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08260 was $499,499 in April 2024, up 4.6% from last year, and the median price per square foot was $494.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $280K | 0.0% |
2 Bedrooms | $370K | $360K | -2.7% |
3 Bedrooms | $525K | $545K | +3.8% |
4 Bedrooms | $739.9K | $770K | +4.1% |
5+ Bedrooms | $950K | $896K | -5.7% |
Summary: 08260 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 decreased by 2.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Zip Codes
08260 | $477.5K | $499.4K | +4.6% |
08210 | $427.5K | $369.9K | -13.5% |
Housing Supply in 08260, NJ
How many homes are available in 08260, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 61 | -14.1% |
Summary: The 08260 real estate market had 61 homes for sale in April 2024, a 14.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 23 | +15.0% |
2 Bedrooms | 11 | 8 | -27.3% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 14 | 9 | -35.7% |
5+ Bedrooms | 10 | 6 | -40.0% |
Summary: The 08260 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 08260 in April 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for 08260, NJ
How long does it take to sell a home in 08260, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 68 Days | +69.2% |
Summary: Homes in 08260 had an average of 68 days on market in Apr 2024, up by 69.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 08260; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.