Is 08833, 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, 08833 has remained a Neutral Market.
Key Takeaway
08833 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 08833, NJ
How much do homes in 08833, NJ cost?
Median Sold Price
$667,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 08833 have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in 08833 was $667,000 in April 2024, up 10.1% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $295K | +15.7% |
| 2 Bedrooms | $293.5K | $345K | +17.5% |
| 3 Bedrooms | $510K | $525K | +2.9% |
| 4 Bedrooms | $735K | $817.5K | +11.2% |
| 5+ Bedrooms | $1.1M | $1.0M | -13.2% |
Summary: 08833 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 13.2%.
Housing Supply in 08833, NJ
How many homes are available in 08833, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 50 | +35.1% |
Summary: The 08833 real estate market had 50 homes for sale in April 2024, a 35.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 17 | 23 | +35.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The 08833 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08833, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 08833 in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for 08833, NJ
We’re sorry, we don't have information for this market at the moment
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