Housing Prices in 08551, NJ
How much do homes in 08551, NJ cost?
Median List Price
$797,000
$269/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in 08551 has increased by 9.3% since last year.
Summary: The median home list price in 08551 was $797,000 in April 2024, up 9.3% from the previous year, and the median price per square foot was $269.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $334.4K | $1.0M | +219.9% |
| 3 Bedrooms | $459.4K | $437K | -4.9% |
| 4 Bedrooms | $779.9K | $849.9K | +9.0% |
| 5+ Bedrooms | $899.9K | $1.3M | +47.2% |
Summary: 08551 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 219.9%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 47.2%.
Housing Supply in 08551, NJ
How many homes are available in 08551, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The 08551 real estate market had 28 homes for sale in April 2024, a 3.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08551 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Days on Market for 08551, NJ
How long does it take to sell a home in 08551, NJ?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 132 Days | 155 Days | +17.0% |
Summary: Homes in 08551 had an average listing age of 155 days in Apr 2024, up by 17% compared to the previous year.
