Is 08844, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 08844 has remained a Seller's Market.
Key Takeaway
08844 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08844, NJ
How much do homes in 08844, NJ cost?
Median Sold Price
$538,875
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 08844 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 08844 was $538,875 in March 2024, up 14.1% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $230K | +24.3% |
| 2 Bedrooms | $340K | $400K | +17.6% |
| 3 Bedrooms | $477K | $550K | +15.3% |
| 4 Bedrooms | $691.6K | $760K | +9.9% |
| 5+ Bedrooms | $755K | $890.5K | +17.9% |
Summary: 08844 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Zip Codes
| 08869 | $432K | $500K | +15.7% |
| 08844 | $472.3K | $538.8K | +14.1% |
| 08835 | $365K | $414K | +13.4% |
| 08853 | $697K | $675K | -3.2% |
Housing Supply in 08844, NJ
How many homes are available in 08844, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 96 | 107 | +11.5% |
Summary: The 08844 real estate market had 107 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 08844 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08844, you could pay more than the asking price. 73.7% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 08844 in March 2024, down by 24.0% month-over-month. Of the 19 sold homes, 16% were sold under asking, 11% were sold at asking, and 74% were sold over asking.
Days on Market for 08844, NJ
We’re sorry, we don't have information for this market at the moment
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