$10,000 Closing Credit*
$1,285,000
3,200 SqFt
4 Beds
•2 Full Baths, 2 Partial
Jonathan M Cohen, Listing Office: Keller Williams - Main Street
Is 08033, 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, 08033 has remained a Seller's Market.
Key Takeaway
08033 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08033, NJ
How much do homes in 08033, NJ cost?
Median Sold Price
$726,250
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,250(+11.7%)
Key Takeaway
Homes in 08033 have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in 08033 was $726,250 in October 2024, up 11.7% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $285K | +11.8% |
| 2 Bedrooms | $329.5K | $390K | +18.4% |
| 3 Bedrooms | $561.5K | $538K | -4.2% |
| 4 Bedrooms | $807.5K | $868K | +7.5% |
| 5+ Bedrooms | $1.2M | $1.2M | -2.0% |
Summary: 08033 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 08033, NJ
How many homes are available in 08033, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The 08033 real estate market had 38 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 1 | -80.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 08033 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 80%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08033, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 08033 in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for 08033, NJ
How long does it take to sell a home in 08033, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 20 Days | -16.4% |
Summary: Homes in 08033 had an average of 20 days on market in Oct 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08033 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 08033; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
