$4,393 Closing Credit*
$369,900
1,734 SqFt
3 Beds
•2 Full Baths, 1 Partial
Melissa Marie Buckwheat, Listing Office: Keller Williams - Main Street
Is 08020, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 08020 was a Seller's Market.
Key Takeaway
08020 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 08020, NJ
How much do homes in 08020, NJ cost?
Median Sold Price
$399,500
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+3.2%)
Key Takeaway
Homes in 08020 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 08020 was $399,500 in November 2024, up 3.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $388.4K | $395K | +1.7% |
| 3 Bedrooms | $386K | $399K | +3.4% |
| 4 Bedrooms | $436K | $435K | -0.2% |
| 5+ Bedrooms | - | $311K | N/A |
Summary: 08020 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 1.7%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes did not change.
Housing Supply in 08020, NJ
How many homes are available in 08020, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The 08020 real estate market had 12 homes for sale in November 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08020 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08020, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 08020 in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 08020, NJ
How long does it take to sell a home in 08020, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 40 Days | +182.6% |
Summary: Homes in 08020 had an average of 40 days on market in Nov 2024, up by 182.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08020 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 08020; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
