Is 08832, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08832 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 08832 has remained a Seller's Market.

Key Takeaway

08832 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 08832, NJ cost?

Median Sold Price

$312,500

$277/sqft

Based on all homes sold in July 2022.

Difference Since Last Month

+$17,500(+5.9%)

Key Takeaway

Homes in 08832 have sold for 5.9% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSJun 2022Jul 2022%
1 -$235K
N/A
2 $295K-
N/A
3 -$390K
N/A
4 --
N/A
5+ --
N/A

How many homes are available in 08832, NJ?

Number of Homes For Sale

Jun 2022Jul 2022%
32-33.3%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 11
0.0%
2 10
-100.0%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 08832, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Jun 2022Jul 2022%
28 Days49 Days+75.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 08832 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 08832, NJ

08832, NJ has 2 homes for sale to choose from. The number of homes for sale in 08832, NJ decreased by 33.3% between June 2022 and July 2022. While the average time on the market in July 2022 was 49 days, the median list price was $312,500. Listing prices have changed in this real estate market between July 2021 and July 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices increased by 0%, 4 bedrooms properties prices increased by 0%, 5 bedrooms properties became 0% more expensive. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes inventory decreased by 100%, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes have not changed. While more than 1 listings in 08832, NJ in July 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.