Is 08837, 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, 08837 has remained a Seller's Market.
Housing Prices in 08837, NJ
How much do homes in 08837, NJ cost?
Median Sold Price
$445,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08837 was $445,000 in April 2024, up 9.2% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154K | $182K | +18.2% |
2 Bedrooms | $285K | $335K | +17.5% |
3 Bedrooms | $450K | $489K | +8.7% |
4 Bedrooms | $547.5K | $610K | +11.4% |
5+ Bedrooms | $669K | $698.2K | +4.4% |
Summary: 08837 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in 08837, NJ
How many homes are available in 08837, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 41 | +10.8% |
Summary: The 08837 real estate market had 41 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 08837 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 13 | +225.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 08837 in April 2024, up by 225.0% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for 08837, NJ
How long does it take to sell a home in 08837, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 21 Days | -44.7% |
Summary: Homes in 08837 had an average of 21 days on market in Apr 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 08837; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.