Is 08809, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 08809 was a Seller's Market.
Key Takeaway
08809 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 08809, NJ
How much do homes in 08809, NJ cost?
Median Sold Price
$442,500
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 08809 have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in 08809 was $442,500 in March 2024, up 14.2% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $250K | +19.0% |
| 2 Bedrooms | $270K | $322K | +19.3% |
| 3 Bedrooms | $425K | $490.5K | +15.4% |
| 4 Bedrooms | $616.5K | $599K | -2.8% |
| 5+ Bedrooms | $740K | $945K | +27.7% |
Summary: 08809 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Zip Codes
| 08809 | $387.5K | $442.5K | +14.2% |
| 08867 | $700K | $780K | +11.4% |
| 08829 | $310K | $339.5K | +9.5% |
| 08801 | $425K | $419.5K | -1.3% |
Housing Supply in 08809, NJ
How many homes are available in 08809, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The 08809 real estate market had 26 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 08809 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08809, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 08809 in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 08809, NJ
We’re sorry, we don't have information for this market at the moment
