Is 08010, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08010 is a buyer'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

# BEDSOct 2023Oct 2024CHANGE
1 $130K$160K
+23.1%
2 $180K$215K
+19.4%
3 $315K$330K
+4.8%
4 $335K$365K
+9.0%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

08046
+9.4%
08075
+8.2%
19020
+8.0%
19021
+6.2%
08010
+1.8%

Housing Supply in 08010, NJ

How many homes are available in 08010, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4556+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

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 812
+50.0%
3 1422
+57.1%
4 1311
-15.4%
5+ 55
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 2024Oct 2024CHANGE
156-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
18 Days59 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 08010, NJ

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