Is 08750, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 08750 has remained a Seller's Market.
Housing Prices in 08750, NJ
How much do homes in 08750, NJ cost?
Median Sold Price
$2,350,000
$764/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08750 was $2,350,000 in April 2024, up 47.8% from last year, and the median price per square foot was $764.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | - | N/A |
2 Bedrooms | $900K | $887K | -1.4% |
3 Bedrooms | $880K | $1.1M | +34.1% |
4 Bedrooms | $1.4M | $2.8M | +93.1% |
5+ Bedrooms | $3.1M | $3.1M | -2.2% |
Summary: 08750 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 1.4%, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 93.1%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in 08750, NJ
How many homes are available in 08750, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Summary: The 08750 real estate market had 19 homes for sale in April 2024, a 26.7% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 08750 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 25%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 08750 in April 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 08750, NJ
How long does it take to sell a home in 08750, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
91 Days | 80 Days | -11.9% |
Summary: Homes in 08750 had an average of 80 days on market in Apr 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 08750; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.