Is 08835, 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, 08835 was a Seller's Market.
Key Takeaway
08835 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 08835, NJ
How much do homes in 08835, NJ cost?
Median Sold Price
$414,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 08835 have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in 08835 was $414,000 in March 2024, up 13.4% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $349.7K | +16.6% |
| 3 Bedrooms | $365K | $417.5K | +14.4% |
| 4 Bedrooms | $385K | $427.5K | +11.0% |
| 5+ Bedrooms | $370K | $460K | +24.3% |
Summary: 08835 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 16.6%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 24.3%.
Housing Supply in 08835, NJ
How many homes are available in 08835, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 49 | +19.5% |
Summary: The 08835 real estate market had 49 homes for sale in March 2024, a 19.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 23 | 32 | +39.1% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 08835 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 39.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08835, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 08835 in March 2024, the same as the previous month. Of the 8 sold homes, 0% were sold under asking, 13% were sold at asking, and 88% were sold over asking.
Days on Market for 08835, NJ
We’re sorry, we don't have information for this market at the moment
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