Is 08867, 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, 08867 was a Seller's Market.
Key Takeaway
08867 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 08867, NJ
How much do homes in 08867, NJ cost?
Median Sold Price
$780,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 08867 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 08867 was $780,000 in March 2024, up 11.4% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $565K | - | N/A |
| 2 Bedrooms | $324K | $340K | +4.9% |
| 3 Bedrooms | $499.9K | $627.5K | +25.5% |
| 4 Bedrooms | $777.5K | $799.5K | +2.8% |
| 5+ Bedrooms | $900K | $972.5K | +8.1% |
Summary: 08867 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 4.9%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Zip Codes
| 08809 | $387.5K | $442.5K | +14.2% |
| 08867 | $700K | $780K | +11.4% |
| 08825 | $517.5K | $552.5K | +6.8% |
| 08801 | $425K | $419.5K | -1.3% |
Housing Supply in 08867, NJ
How many homes are available in 08867, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Summary: The 08867 real estate market had 35 homes for sale in March 2024, a 20.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 08867 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08867, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 08867 in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 08867, NJ
We’re sorry, we don't have information for this market at the moment
