Is 08736, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 08736 has remained a Seller's Market.
Housing Prices in 08736, NJ
How much do homes in 08736, NJ cost?
Median Sold Price
$941,000
$428/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 08736 was $941,000 in March 2024, up 1.7% from last year, and the median price per square foot was $428.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $625K | $244K | -61.0% |
2 Bedrooms | $699.5K | $755K | +7.9% |
3 Bedrooms | $794.7K | $850K | +7.0% |
4 Bedrooms | $1.2M | $999K | -20.1% |
5+ Bedrooms | $1.3M | $1.4M | +5.7% |
Summary: 08736 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in 08736, NJ
How many homes are available in 08736, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 72 | 0.0% |
Summary: The 08736 real estate market had 72 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 19 | -9.5% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 08736 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 9.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 23 | +187.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 08736 in March 2024, up by 187.5% month-over-month. Of the 23 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% were sold over asking.
Days on Market for 08736, NJ
How long does it take to sell a home in 08736, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 68 Days | +176.9% |
Summary: Homes in 08736 had an average of 68 days on market in Mar 2024, up by 176.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 08736; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.