Is 08759, 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, 08759 has remained a Seller's Market.
Housing Prices in 08759, NJ
How much do homes in 08759, NJ cost?
Median Sold Price
$231,333
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 08759 was $231,333 in March 2024, up 9.5% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $77K | +10.0% |
2 Bedrooms | $205K | $234.4K | +14.3% |
3 Bedrooms | $485K | $498K | +2.7% |
4 Bedrooms | $635K | $599K | -5.7% |
5+ Bedrooms | $710K | $775K | +9.2% |
Summary: 08759 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 9.2%.
Housing Supply in 08759, NJ
How many homes are available in 08759, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
318 | 326 | +2.5% |
Summary: The 08759 real estate market had 326 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 32 | 25 | -21.9% |
2 Bedrooms | 252 | 264 | +4.8% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 08759 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.9%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 73 | +2.8% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in 08759 in March 2024, up by 2.8% month-over-month. Of the 73 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.
Days on Market for 08759, NJ
How long does it take to sell a home in 08759, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 52 Days | +32.7% |
Summary: Homes in 08759 had an average of 52 days on market in Mar 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 73 homes were sold in 08759; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.