Is 08344, 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, 08344 was a Seller's Market.
Key Takeaway
08344 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08344, NJ
How much do homes in 08344, NJ cost?
Median Sold Price
$370,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 08344 have sold for 46.5% more than they did a year ago.
Summary: The median home sold price in 08344 was $370,000 in April 2024, up 46.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $183.5K | $177.5K | -3.3% |
| 3 Bedrooms | $249K | $275K | +10.4% |
| 4 Bedrooms | $415K | $457.4K | +10.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 08344 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 3.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes did not change.
Housing Supply in 08344, NJ
How many homes are available in 08344, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 16 | -33.3% |
Summary: The 08344 real estate market had 16 homes for sale in April 2024, a 33.3% decrease 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 10 | 4 | -60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 08344 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 decreased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08344, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 08344 in April 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 08344, NJ
How long does it take to sell a home in 08344, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 75 Days | 13 Days | -82.0% |
Summary: Homes in 08344 had an average of 13 days on market in Apr 2024, down by 82% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08344 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in 08344; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.