$4,869 Closing Credit*
$410,000
1,678 SqFt
4 Beds
•1 Full Bath, 1 Partial
Liam Coonahan, Listing Office: Real of Pennsylvania
Is 08029, 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, 08029 was a Seller's Market.
Key Takeaway
08029 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08029, NJ
How much do homes in 08029, NJ cost?
Median Sold Price
$314,250
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,250(+6.5%)
Key Takeaway
Homes in 08029 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 08029 was $314,250 in November 2024, up 6.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72.5K | $80K | +10.3% |
| 2 Bedrooms | - | $245K | N/A |
| 3 Bedrooms | $280K | $315K | +12.5% |
| 4 Bedrooms | $325K | $345K | +6.2% |
| 5+ Bedrooms | $259K | $295K | +13.9% |
Summary: 08029 housing prices by bedroom type for November 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 12.5%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The 08029 real estate market had 25 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 08029 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 decreased by 60%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 08029 in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 14 Days | -49.4% |
Summary: Homes in 08029 had an average of 14 days on market in Nov 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 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 November 2024, 3 homes were sold in 08029; 100% of homes were sold within 30 days, 0% 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.