Is 08865, 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, 08865 has remained a Seller's Market.
Housing Prices in 08865, NJ
How much do homes in 08865, NJ cost?
Median Sold Price
$291,375
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 08865 was $291,375 in April 2024, up 11.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179K | $196.9K | +10.0% |
2 Bedrooms | $240K | $256.1K | +6.7% |
3 Bedrooms | $250K | $290K | +16.0% |
4 Bedrooms | $350K | $425K | +21.4% |
5+ Bedrooms | $375K | $287K | -23.5% |
Summary: 08865 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 23.5%.
Housing Supply in 08865, NJ
How many homes are available in 08865, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 142 | +5.2% |
Summary: The 08865 real estate market had 142 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 25 | 32 | +28.0% |
3 Bedrooms | 58 | 58 | 0.0% |
4 Bedrooms | 40 | 38 | -5.0% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 08865 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 08865 in April 2024, down by 3.8% month-over-month. Of the 25 sold homes, 32% were sold under asking, 8% were sold at asking, and 60% were sold over asking.
Days on Market for 08865, NJ
How long does it take to sell a home in 08865, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
145 Days | 17 Days | -88.3% |
Summary: Homes in 08865 had an average of 17 days on market in Apr 2024, down by 88.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in 08865; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.