Is 08738, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 08738 has remained a Buyer's Market.
Housing Prices in 08738, NJ
How much do homes in 08738, NJ cost?
Median Sold Price
$4,549,000
$1,367/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 08738 was $4,549,000 in April 2024, up 253.3% from last month, and the median price per square foot was $1,367.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $950K | - | N/A |
4 Bedrooms | $1.6M | $4.5M | +176.9% |
5+ Bedrooms | - | $5.3M | N/A |
Summary: 08738 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 176.9%, and 5+ bedroom homes did not change.
Housing Supply in 08738, NJ
How many homes are available in 08738, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 28 | +21.7% |
Summary: The 08738 real estate market had 28 homes for sale in April 2024, a 21.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 3 | -50.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The 08738 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 decreased by 50%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 08738 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 08738, NJ
How long does it take to sell a home in 08738, NJ?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 107 Days | +111.9% |
Summary: Homes in 08738 had an average of 107 days on market in Apr 2024, up by 111.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 08738; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.