Is 08403, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 08403 has remained a Buyer's Market.
Key Takeaway
08403 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08403, NJ
How much do homes in 08403, NJ cost?
Median Sold Price
$1,200,000
$618/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 08403 have sold for 20% less than they did a month ago.
Summary: The median home sold price in 08403 was $1,200,000 in April 2024, down 20% from last month, and the median price per square foot was $618.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $430K | N/A |
| 2 Bedrooms | $565K | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $1.5M | $1.2M | -20.0% |
| 5+ Bedrooms | $4.0M | $2.4M | -39.1% |
Summary: 08403 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 39.1%.
Housing Supply in 08403, NJ
How many homes are available in 08403, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The 08403 real estate market had 22 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 08403 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08403, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 08403 in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 08403, NJ
How long does it take to sell a home in 08403, NJ?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 64 Days | +9.0% |
Summary: Homes in 08403 had an average of 64 days on market in Apr 2024, up by 9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08403 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 08403; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.