$1,881 Closing Credit*
$158,376
1,197 SqFt
2 Beds
•1 Full Bath
Mary Jo Potts, Listing Office: Elfant Wissahickon-Mt Airy
Is 08003, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 08003 has remained a Seller's Market.
Key Takeaway
08003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08003, NJ
How much do homes in 08003, NJ cost?
Median Sold Price
$520,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+7.2%)
Key Takeaway
Homes in 08003 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 08003 was $520,000 in November 2024, up 7.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181K | $165K | -8.8% |
| 2 Bedrooms | $250K | $277.5K | +11.0% |
| 3 Bedrooms | $381.5K | $440K | +15.3% |
| 4 Bedrooms | $550K | $590K | +7.3% |
| 5+ Bedrooms | $632.2K | $625K | -1.1% |
Summary: 08003 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in 08003, NJ
How many homes are available in 08003, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 65 | -31.6% |
Summary: The 08003 real estate market had 65 homes for sale in November 2024, a 31.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 18 | 11 | -38.9% |
| 4 Bedrooms | 49 | 33 | -32.7% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The 08003 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 38.9%, 4 bedroom homes decreased by 32.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 16 | -56.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08003, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 08003 in November 2024, down by 56.8% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for 08003, NJ
How long does it take to sell a home in 08003, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 37 Days | +8.4% |
Summary: Homes in 08003 had an average of 37 days on market in Nov 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08003 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 08003; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
