Housing Prices in 08827, NJ
How much do homes in 08827, NJ cost?
Median List Price
$492,450
$223/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 08827 has increased by 2.8% since last year.
Summary: The median home list price in 08827 was $492,450 in March 2024, up 2.8% from the previous year, and the median price per square foot was $223.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $224.9K | $365K | +62.3% |
| 3 Bedrooms | $364.5K | $412.4K | +13.2% |
| 4 Bedrooms | $609K | $639.9K | +5.1% |
| 5+ Bedrooms | $549K | $702.4K | +27.9% |
Summary: 08827 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.3%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 27.9%.
Housing Supply in 08827, NJ
How many homes are available in 08827, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The 08827 real estate market had 13 homes for sale in March 2024, a 7.1% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 08827 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 decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Days on Market for 08827, NJ
How long does it take to sell a home in 08827, NJ?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 65 Days | -31.2% |
Summary: Homes in 08827 had an average listing age of 65 days in Mar 2024, down by 31.2% compared to the previous year.
