$9,797 Closing Credit*
$825,000
4,518 SqFt
4 Beds
•3 Full Baths
Michelle Barnard, Listing Office: Better Homes and Gardens Real Estate Maturo
Is 08004, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 08004 was a Seller's Market.
Key Takeaway
08004 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 08004, NJ
How much do homes in 08004, NJ cost?
Median Sold Price
$320,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+11.9%)
Key Takeaway
Homes in 08004 have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in 08004 was $320,000 in October 2024, up 11.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $225K | +2.3% |
| 3 Bedrooms | $282K | $300K | +6.4% |
| 4 Bedrooms | $370K | $389.9K | +5.4% |
| 5+ Bedrooms | $352.5K | $390K | +10.6% |
Summary: 08004 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in 08004, NJ
How many homes are available in 08004, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 35 | -10.3% |
Summary: The 08004 real estate market had 35 homes for sale in October 2024, a 10.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 08004 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08004, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 08004 in October 2024, down by 58.3% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for 08004, NJ
How long does it take to sell a home in 08004, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 30 Days | +88.6% |
Summary: Homes in 08004 had an average of 30 days on market in Oct 2024, up by 88.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08004 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in 08004; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
