$5,341 Closing Credit*
$449,777
2,058 SqFt
4 Beds
•2 Full Baths, 1 Partial
Francesco L Pullella, Listing Office: HOF Realty
Is 08021, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 08021 has remained a Seller's Market.
Key Takeaway
08021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08021, NJ
How much do homes in 08021, NJ cost?
Median Sold Price
$255,245
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,245(+11.0%)
Key Takeaway
Homes in 08021 have sold for 11% more than they did a year ago.
Summary: The median home sold price in 08021 was $255,245 in October 2024, up 11% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $153.2K | +72.2% |
| 2 Bedrooms | $170K | $187K | +10.0% |
| 3 Bedrooms | $240K | $265K | +10.4% |
| 4 Bedrooms | $286.7K | $340K | +18.6% |
| 5+ Bedrooms | $370K | $340K | -8.1% |
Summary: 08021 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.2%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 08021, NJ
How many homes are available in 08021, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 138 | +3.0% |
Summary: The 08021 real estate market had 138 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 21 | 26 | +23.8% |
| 3 Bedrooms | 70 | 69 | -1.4% |
| 4 Bedrooms | 34 | 35 | +2.9% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 08021 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 23.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 27 | -32.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08021, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 08021 in October 2024, down by 32.5% month-over-month. Of the 27 sold homes, 26% were sold under asking, 19% were sold at asking, and 56% were sold over asking.
Days on Market for 08021, NJ
How long does it take to sell a home in 08021, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 25 Days | +26.2% |
Summary: Homes in 08021 had an average of 25 days on market in Oct 2024, up by 26.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08021 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 08021; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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