Is 08361, 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, 08361 was a Seller's Market.
Housing Prices in 08361, NJ
How much do homes in 08361, NJ cost?
Median Sold Price
$333,700
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08361 was $333,700 in April 2024, up 15.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $215.5K | +10.5% |
3 Bedrooms | $290K | $323.4K | +11.5% |
4 Bedrooms | $362.5K | $386K | +6.5% |
5+ Bedrooms | $383K | $570K | +48.8% |
Summary: 08361 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 10.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 48.8%.
Housing Supply in 08361, NJ
How many homes are available in 08361, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 62 | +17.0% |
Summary: The 08361 real estate market had 62 homes for sale in April 2024, a 17.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 34 | 33 | -2.9% |
4 Bedrooms | 10 | 19 | +90.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 08361 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 16.7%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 90%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 08361 in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 08361, NJ
How long does it take to sell a home in 08361, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 26 Days | -44.9% |
Summary: Homes in 08361 had an average of 26 days on market in Apr 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 08361; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.