$5,700 Closing Credit*
$480,000
2,397 SqFt
4 Beds
•2 Full Baths, 1 Partial
Yosef Beane, Listing Office: Keypoint Realty LLC
Is 08012, 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, 08012 has remained a Seller's Market.
Key Takeaway
08012 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08012, NJ
How much do homes in 08012, NJ cost?
Median Sold Price
$335,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,133(+4.7%)
Key Takeaway
Homes in 08012 have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in 08012 was $335,000 in November 2024, up 4.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $177.4K | +5.9% |
| 2 Bedrooms | $216.5K | $233.5K | +7.9% |
| 3 Bedrooms | $310K | $320K | +3.2% |
| 4 Bedrooms | $375K | $397.5K | +6.0% |
| 5+ Bedrooms | $410K | $455K | +11.0% |
Summary: 08012 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 11%.
Housing Supply in 08012, NJ
How many homes are available in 08012, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 108 | +17.4% |
Summary: The 08012 real estate market had 108 homes for sale in November 2024, a 17.4% increase 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 48 | 50 | +4.2% |
| 4 Bedrooms | 34 | 48 | +41.2% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 08012 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 remained the same, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08012, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 08012 in November 2024, up by 26.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 4% were sold at asking, and 63% were sold over asking.
Days on Market for 08012, NJ
How long does it take to sell a home in 08012, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 26 Days | -1.2% |
Summary: Homes in 08012 had an average of 26 days on market in Nov 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08012 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in 08012; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
