Is 08638, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
At the same time last year, 08638 was a Seller's Market.
Key Takeaway
08638 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in 08638, NJ cost?
Median Sold Price
$270,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
+$6,950(+2.6%)
Key Takeaway
Homes in 08638 have sold for 2.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $95.5K | $650K | +580.6% |
| 2 Bedrooms | $194.5K | $190K | -2.3% |
| 3 Bedrooms | $253K | $250K | -1.2% |
| 4 Bedrooms | $330K | $327.5K | -0.8% |
| 5+ Bedrooms | $392K | $226.8K | -42.1% |
How many homes are available in 08638, NJ?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 104 | 88 | -15.4% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 49 | 44 | -10.2% |
| 4 Bedrooms | 36 | 23 | -36.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 28 | 14 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08638, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 49 Days | 31 Days | -36.7% |
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08638 are selling fast, if you're buying plan to act quickly.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2023, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
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