Is 08332, 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, 08332 has remained a Seller's Market.
Housing Prices in 08332, NJ
How much do homes in 08332, NJ cost?
Median Sold Price
$220,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08332 was $220,000 in April 2024, up 10% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $175K | +29.6% |
2 Bedrooms | $160K | $167.5K | +4.7% |
3 Bedrooms | $209.9K | $225K | +7.2% |
4 Bedrooms | $212.5K | $265K | +24.7% |
5+ Bedrooms | $276.9K | $270K | -2.5% |
Summary: 08332 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.6%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Zip Codes
08361 | $290K | $333.7K | +15.1% |
08332 | $200K | $220K | +10.0% |
Housing Supply in 08332, NJ
How many homes are available in 08332, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
147 | 153 | +4.1% |
Summary: The 08332 real estate market had 153 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 84 | 86 | +2.4% |
4 Bedrooms | 22 | 28 | +27.3% |
5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The 08332 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 3.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 34 | +41.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in 08332 in April 2024, up by 41.7% month-over-month. Of the 33 sold homes, 36% were sold under asking, 24% were sold at asking, and 39% were sold over asking.
Days on Market for 08332, NJ
How long does it take to sell a home in 08332, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 40 Days | -0.2% |
Summary: Homes in 08332 had an average of 40 days on market in Apr 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in 08332; 38% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.