Is 08876, 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, 08876 was a Seller's Market.
Housing Prices in 08876, NJ
How much do homes in 08876, NJ cost?
Median Sold Price
$540,266
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 08876 was $540,266 in March 2024, up 15.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $140K | N/A |
2 Bedrooms | $340K | $410K | +20.6% |
3 Bedrooms | $465K | $495K | +6.5% |
4 Bedrooms | $552.5K | $662.9K | +20.0% |
5+ Bedrooms | $667.5K | $999K | +49.7% |
Summary: 08876 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 20.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 49.7%.
Median Sold Price Compared To Nearby Zip Codes
08876 | $466K | $540.2K | +15.9% |
08869 | $432K | $500K | +15.7% |
08807 | $539.8K | $615.5K | +14.0% |
Housing Supply in 08876, NJ
How many homes are available in 08876, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 54 | +20.0% |
Summary: The 08876 real estate market had 54 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 16 | +45.5% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 14 | 12 | -14.3% |
5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 08876 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 08876 in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 08876, NJ
How long does it take to sell a home in 08876, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 16 Days | -74.2% |
Summary: Homes in 08876 had an average of 16 days on market in Mar 2024, down by 74.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 08876; 17% 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.