$4,275 Closing Credit*
$360,000
1,244 SqFt
4 Beds
•2 Full Baths
Maria L. Berdugo, Listing Office: Better Homes and Gardens Real Estate Maturo
Is 08021, 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, 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
$260,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,333(+12.7%)
Key Takeaway
Homes in 08021 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 08021 was $260,000 in November 2024, up 12.7% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $160K | +79.8% |
| 2 Bedrooms | $170K | $189.9K | +11.8% |
| 3 Bedrooms | $240K | $266.5K | +11.0% |
| 4 Bedrooms | $297.5K | $340.5K | +14.5% |
| 5+ Bedrooms | $362.5K | $345K | -4.8% |
Summary: 08021 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 79.8%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 08021, NJ
How many homes are available in 08021, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 140 | +2.2% |
Summary: The 08021 real estate market had 140 homes for sale in November 2024, a 2.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 66 | 71 | +7.6% |
| 4 Bedrooms | 36 | 38 | +5.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 08021 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 44 | +46.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08021, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in 08021 in November 2024, up by 46.7% month-over-month. Of the 44 sold homes, 20% were sold under asking, 16% were sold at asking, and 64% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 29 Days | +65.8% |
Summary: Homes in 08021 had an average of 29 days on market in Nov 2024, up by 65.8% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08021 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in 08021; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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