Is 08536, 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, 08536 has remained a Seller's Market.
Housing Prices in 08536, NJ
How much do homes in 08536, NJ cost?
Median Sold Price
$630,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08536 was $630,000 in April 2024, up 13.5% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206K | $225K | +9.2% |
2 Bedrooms | $310K | $356K | +14.8% |
3 Bedrooms | $592.5K | $647K | +9.2% |
4 Bedrooms | $820K | $948K | +15.6% |
5+ Bedrooms | $915.5K | $1.1M | +22.9% |
Summary: 08536 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 22.9%.
Housing Supply in 08536, NJ
How many homes are available in 08536, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 74 | -3.9% |
Summary: The 08536 real estate market had 74 homes for sale in April 2024, a 3.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 11 | 16 | +45.5% |
3 Bedrooms | 30 | 22 | -26.7% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 08536 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 45.5%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 08536 in April 2024, up by 42.9% month-over-month. Of the 20 sold homes, 25% were sold under asking, 15% were sold at asking, and 60% were sold over asking.
Days on Market for 08536, NJ
How long does it take to sell a home in 08536, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 16 Days | -12.9% |
Summary: Homes in 08536 had an average of 16 days on market in Apr 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in 08536; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.