Is 08884, 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, 08884 has remained a Seller's Market.
Housing Prices in 08884, NJ
How much do homes in 08884, NJ cost?
Median Sold Price
$445,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 08884 was $445,000 in March 2024, up 14.1% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $141K | $160K | +13.5% |
2 Bedrooms | $310K | $295K | -4.8% |
3 Bedrooms | $403.7K | $462K | +14.4% |
4 Bedrooms | $475.5K | $515K | +8.3% |
5+ Bedrooms | $500K | $882.5K | +76.5% |
Summary: 08884 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 76.5%.
Housing Supply in 08884, NJ
How many homes are available in 08884, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Summary: The 08884 real estate market had 34 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 14 | 19 | +35.7% |
4 Bedrooms | 12 | 10 | -16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08884 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 increased by 50%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 15 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 08884 in March 2024, up by 400.0% month-over-month. Of the 15 sold homes, 27% were sold under asking, 7% were sold at asking, and 67% were sold over asking.
Days on Market for 08884, NJ
How long does it take to sell a home in 08884, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 39 Days | +12.0% |
Summary: Homes in 08884 had an average of 39 days on market in Mar 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 08884; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.