Is 08690, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 08690 was a Neutral Market.
Housing Prices in 08690, NJ
How much do homes in 08690, NJ cost?
Median Sold Price
$403,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 08690 was $403,000 in March 2024, up 4.7% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187K | - | N/A |
2 Bedrooms | $327.5K | $351K | +7.2% |
3 Bedrooms | $365K | $378.2K | +3.6% |
4 Bedrooms | $454K | $490K | +7.9% |
5+ Bedrooms | $587.5K | $675K | +14.9% |
Summary: 08690 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 14.9%.
Housing Supply in 08690, NJ
How many homes are available in 08690, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 66 | +8.2% |
Summary: The 08690 real estate market had 66 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 15 | -11.8% |
3 Bedrooms | 27 | 32 | +18.5% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 08690 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 08690 in March 2024, up by 71.4% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 08690, NJ
How long does it take to sell a home in 08690, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 15 Days | -47.3% |
Summary: Homes in 08690 had an average of 15 days on market in Mar 2024, down by 47.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 08690; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.