$4,156 Closing Credit*
$350,000
2,052 SqFt
3 Beds
•1 Full Bath, 1 Partial
Marie Crosby, Listing Office: Century 21 Reilly Realtors
Is 08004, 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, 08004 has remained a Seller's Market.
Key Takeaway
08004 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08004, NJ
How much do homes in 08004, NJ cost?
Median Sold Price
$330,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.8%)
Key Takeaway
Homes in 08004 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 08004 was $330,000 in November 2024, up 4.8% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $225K | +2.3% |
| 3 Bedrooms | $284K | $305K | +7.4% |
| 4 Bedrooms | $370K | $397.4K | +7.4% |
| 5+ Bedrooms | $380K | $382.5K | +0.7% |
Summary: 08004 housing prices by bedroom type for November 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 7.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 08004, NJ
How many homes are available in 08004, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The 08004 real estate market had 37 homes for sale in November 2024, a 5.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 08004 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08004, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 08004 in November 2024, up by 83.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 24 Days | -22.9% |
Summary: Homes in 08004 had an average of 24 days on market in Nov 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 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 November 2024, 11 homes were sold in 08004; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
