Is 08734, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 08734 was a Seller's Market.
Housing Prices in 08734, NJ
How much do homes in 08734, NJ cost?
Median Sold Price
$515,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08734 was $515,000 in April 2024, up 9.6% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | - | N/A |
2 Bedrooms | $317.5K | $310K | -2.4% |
3 Bedrooms | $368.5K | $464K | +25.9% |
4 Bedrooms | $615K | $575K | -6.5% |
5+ Bedrooms | $575K | $725K | +26.1% |
Summary: 08734 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 decreased by 2.4%, 3 bedroom homes increased by 25.9%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 26.1%.
Housing Supply in 08734, NJ
How many homes are available in 08734, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 45 | +28.6% |
Summary: The 08734 real estate market had 45 homes for sale in April 2024, a 28.6% 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 | 7 | 11 | +57.1% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 7 | 14 | +100.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 08734 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 57.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 08734 in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 08734, NJ
How long does it take to sell a home in 08734, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 47 Days | +33.8% |
Summary: Homes in 08734 had an average of 47 days on market in Apr 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in 08734; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.