Is 08757, 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, 08757 has remained a Seller's Market.
Housing Prices in 08757, NJ
How much do homes in 08757, NJ cost?
Median Sold Price
$311,132
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 08757 was $311,132 in March 2024, up 3.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $174.5K | $208.1K | +19.3% |
2 Bedrooms | $280K | $295K | +5.4% |
3 Bedrooms | $410K | $390K | -4.9% |
4 Bedrooms | $480K | $657K | +36.9% |
5+ Bedrooms | $549.9K | $785K | +42.7% |
Summary: 08757 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 36.9%, and 5+ bedroom homes increased by 42.7%.
Housing Supply in 08757, NJ
How many homes are available in 08757, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
297 | 295 | -0.7% |
Summary: The 08757 real estate market had 295 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 246 | 252 | +2.4% |
3 Bedrooms | 32 | 31 | -3.1% |
4 Bedrooms | 15 | 9 | -40.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 08757 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 increased by 2.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 68 | +3.0% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in 08757 in March 2024, up by 3.0% month-over-month. Of the 68 sold homes, 56% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for 08757, NJ
How long does it take to sell a home in 08757, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 57 Days | +68.2% |
Summary: Homes in 08757 had an average of 57 days on market in Mar 2024, up by 68.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 68 homes were sold in 08757; 49% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.