Is 08753, 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, 08753 has remained a Seller's Market.
Housing Prices in 08753, NJ
How much do homes in 08753, NJ cost?
Median Sold Price
$454,855
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 08753 was $454,855 in March 2024, up 9.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.1K | $205K | +28.8% |
2 Bedrooms | $269.9K | $290K | +7.4% |
3 Bedrooms | $410.3K | $440K | +7.2% |
4 Bedrooms | $525.8K | $565K | +7.4% |
5+ Bedrooms | $707K | $699.9K | -1.0% |
Summary: 08753 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.8%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 08753, NJ
How many homes are available in 08753, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
270 | 278 | +3.0% |
Summary: The 08753 real estate market had 278 homes for sale in March 2024, a 3.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 41 | 47 | +14.6% |
3 Bedrooms | 87 | 83 | -4.6% |
4 Bedrooms | 95 | 96 | +1.1% |
5+ Bedrooms | 39 | 45 | +15.4% |
Summary: The 08753 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 14.6%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 54 | -6.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in 08753 in March 2024, down by 6.9% month-over-month. Of the 54 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for 08753, NJ
How long does it take to sell a home in 08753, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 43 Days | +90.5% |
Summary: Homes in 08753 had an average of 43 days on market in Mar 2024, up by 90.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 54 homes were sold in 08753; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.