$3,076 Closing Credit*
$259,000
1,083 SqFt
3 Beds
•1 Full Bath
Marc Anthony Matteo, Listing Office: HomeSmart First Advantage Realty
Is 08010, 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, 08010 was a Seller's Market.
Key Takeaway
08010 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08010, NJ
How much do homes in 08010, NJ cost?
Median Sold Price
$285,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,100(+1.8%)
Key Takeaway
Homes in 08010 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 08010 was $285,000 in October 2024, up 1.8% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $160K | +23.1% |
| 2 Bedrooms | $180K | $215K | +19.4% |
| 3 Bedrooms | $315K | $330K | +4.8% |
| 4 Bedrooms | $335K | $365K | +9.0% |
| 5+ Bedrooms | $307.5K | $345.5K | +12.4% |
Summary: 08010 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in 08010, NJ
How many homes are available in 08010, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 56 | +24.4% |
Summary: The 08010 real estate market had 56 homes for sale in October 2024, a 24.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 14 | 22 | +57.1% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 08010 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 6 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08010, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 08010 in October 2024, down by 60.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 08010, NJ
How long does it take to sell a home in 08010, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 59 Days | +217.7% |
Summary: Homes in 08010 had an average of 59 days on market in Oct 2024, up by 217.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08010 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 08010; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
