$2,671 Closing Credit*
$224,950
1,354 SqFt
Derek Eisenberg, Listing Office: Continental Real Estate Group
Is 08030, 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, 08030 has remained a Seller's Market.
Key Takeaway
08030 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08030, NJ
How much do homes in 08030, NJ cost?
Median Sold Price
$215,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+7.5%)
Key Takeaway
Homes in 08030 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 08030 was $215,000 in October 2024, up 7.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.4K | $116K | -2.9% |
| 2 Bedrooms | $170K | $200K | +17.6% |
| 3 Bedrooms | $200.5K | $208K | +3.7% |
| 4 Bedrooms | $222.5K | $250K | +12.3% |
| 5+ Bedrooms | $259K | $257.5K | -0.6% |
Summary: 08030 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in 08030, NJ
How many homes are available in 08030, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 67 | +3.1% |
Summary: The 08030 real estate market had 67 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 28 | 36 | +28.6% |
| 4 Bedrooms | 21 | 17 | -19.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 08030 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08030, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 08030 in October 2024, up by 46.7% month-over-month. Of the 22 sold homes, 32% were sold under asking, 9% were sold at asking, and 59% were sold over asking.
Days on Market for 08030, NJ
How long does it take to sell a home in 08030, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 20 Days | -4.2% |
Summary: Homes in 08030 had an average of 20 days on market in Oct 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08030 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 08030; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
