$6,828 Closing Credit*
$575,000
1,844 SqFt
4 Beds
•1 Full Bath, 1 Partial
Jeanne "lisa" Wolschina, Listing Office: Keller Williams Realty
Is 08033, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$749,500
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$64,500(+9.4%)
Key Takeaway
Homes in 08033 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 08033 was $749,500 in November 2024, up 9.4% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $364.5K | +37.5% |
| 2 Bedrooms | $335K | $390K | +16.4% |
| 3 Bedrooms | $573K | $590K | +3.0% |
| 4 Bedrooms | $765K | $880K | +15.0% |
| 5+ Bedrooms | $1.2M | $1.1M | -6.8% |
Summary: 08033 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in 08033, NJ
How many homes are available in 08033, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The 08033 real estate market had 44 homes for sale in November 2024, a 7.3% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 08033 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 remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08033, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 08033 in November 2024, up by 44.4% month-over-month. Of the 13 sold homes, 8% were sold under asking, 23% were sold at asking, and 69% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 19 Days | -40.3% |
Summary: Homes in 08033 had an average of 19 days on market in Nov 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08033 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 08033; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
