Is 08360, 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, 08360 has remained a Seller's Market.
Key Takeaway
08360 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08360, NJ
How much do homes in 08360, NJ cost?
Median Sold Price
$240,333
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 08360 has remained the same since last year.
Summary: The median home sold price in 08360 was $240,333 in April 2024, up 0.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.4K | $180K | +22.1% |
| 2 Bedrooms | $180.7K | $208.5K | +15.4% |
| 3 Bedrooms | $239.5K | $247.5K | +3.3% |
| 4 Bedrooms | $300K | $327.4K | +9.1% |
| 5+ Bedrooms | $231.5K | $265K | +14.5% |
Summary: 08360 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.1%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 08360, NJ
How many homes are available in 08360, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 95 | 96 | +1.1% |
Summary: The 08360 real estate market had 96 homes for sale in April 2024, a 1.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 50 | 53 | +6.0% |
| 4 Bedrooms | 20 | 22 | +10.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 08360 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 31.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 19 | -29.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08360, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 08360 in April 2024, down by 29.6% month-over-month. Of the 17 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.
Days on Market for 08360, NJ
How long does it take to sell a home in 08360, NJ?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 17 Days | -70.6% |
Summary: Homes in 08360 had an average of 17 days on market in Apr 2024, down by 70.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08360 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in 08360; 84% of homes were sold within 30 days, 16% 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. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.