$2,316 Closing Credit*
$195,000
964 SqFt
2 Beds
•1 Full Bath
Bryan S Vurgason, Listing Office: Keller Williams Realty
Is 08030, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$225,300
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$25,300(+12.7%)
Key Takeaway
Homes in 08030 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 08030 was $225,300 in December 2024, up 12.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.4K | $116K | -2.9% |
| 2 Bedrooms | $172K | $206.3K | +19.9% |
| 3 Bedrooms | $200K | $220K | +10.0% |
| 4 Bedrooms | $230K | $259K | +12.6% |
| 5+ Bedrooms | $252K | $272.5K | +8.1% |
Summary: 08030 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 8.1%.
Housing Supply in 08030, NJ
How many homes are available in 08030, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 53 | 45 | -15.1% |
Summary: The 08030 real estate market had 45 homes for sale in December 2024, a 15.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 27 | 19 | -29.6% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 08030 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 29.6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08030, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 08030 in December 2024, down by 25.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 30 Days | 40 Days | +30.8% |
Summary: Homes in 08030 had an average of 40 days on market in Dec 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 December 2024, 12 homes were sold in 08030; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
