$3,264 Closing Credit*
$274,900
1,506 SqFt
4 Beds
•2 Full Baths
Amy Schneider, Listing Office: Keller Williams Realty
Is 08029, 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, 08029 has remained a Seller's Market.
Key Takeaway
08029 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08029, NJ
How much do homes in 08029, NJ cost?
Median Sold Price
$305,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+3.0%)
Key Takeaway
Homes in 08029 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 08029 was $305,000 in October 2024, up 3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72.5K | $80K | +10.3% |
| 2 Bedrooms | - | $255.5K | N/A |
| 3 Bedrooms | $284.9K | $307.2K | +7.8% |
| 4 Bedrooms | $325K | $345K | +6.2% |
| 5+ Bedrooms | $259K | $295K | +13.9% |
Summary: 08029 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in 08029, NJ
How many homes are available in 08029, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The 08029 real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 08029 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08029, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 08029 in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for 08029, NJ
How long does it take to sell a home in 08029, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 32 Days | +114.1% |
Summary: Homes in 08029 had an average of 32 days on market in Oct 2024, up by 114.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08029 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 08029; 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.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.