Is 08852, 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, 08852 has remained a Seller's Market.
Housing Prices in 08852, NJ
How much do homes in 08852, NJ cost?
Median Sold Price
$499,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 08852 was $499,000 in March 2024, up 8% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $266.5K | +24.0% |
2 Bedrooms | $300K | $377.5K | +25.8% |
3 Bedrooms | $453K | $500.1K | +10.4% |
4 Bedrooms | $740K | $781.5K | +5.6% |
5+ Bedrooms | $753.7K | $797.5K | +5.8% |
Summary: 08852 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 08852, NJ
How many homes are available in 08852, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 63 | +16.7% |
Summary: The 08852 real estate market had 63 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 17 | -10.5% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 08852 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 08852 in March 2024, up by 45.5% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 08852, NJ
How long does it take to sell a home in 08852, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 25 Days | -10.4% |
Summary: Homes in 08852 had an average of 25 days on market in Mar 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 08852; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.