Is 08822, 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, 08822 has remained a Seller's Market.
Housing Prices in 08822, NJ
How much do homes in 08822, NJ cost?
Median Sold Price
$524,583
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08822 was $524,583 in April 2024, up 5.6% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $245K | +16.7% |
2 Bedrooms | $330K | $400K | +21.2% |
3 Bedrooms | $449.9K | $510K | +13.3% |
4 Bedrooms | $665K | $750K | +12.8% |
5+ Bedrooms | $745K | $860.5K | +15.5% |
Summary: 08822 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Zip Codes
08867 | $700K | $780K | +11.4% |
08822 | $496.6K | $524.5K | +5.6% |
08853 | $710K | $640K | -9.9% |
Housing Supply in 08822, NJ
How many homes are available in 08822, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 110 | +23.6% |
Summary: The 08822 real estate market had 110 homes for sale in April 2024, a 23.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 22 | 24 | +9.1% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 33 | 44 | +33.3% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The 08822 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 08822 in April 2024, the same as the previous month. Of the 19 sold homes, 26% were sold under asking, 5% were sold at asking, and 68% were sold over asking.
Days on Market for 08822, NJ
We’re sorry, we don't have information for this market at the moment