$5,908 Closing Credit*
$497,500
1,578 SqFt
3 Beds
•2 Full Baths
Bonnie L Walter, Listing Office: Keller Williams Realty
Is 08035, 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, 08035 has remained a Seller's Market.
Key Takeaway
08035 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08035, NJ
How much do homes in 08035, NJ cost?
Median Sold Price
$474,950
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,950(+10.5%)
Key Takeaway
Homes in 08035 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 08035 was $474,950 in November 2024, up 10.5% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.5K | $315K | +24.8% |
| 3 Bedrooms | $400K | $428K | +7.0% |
| 4 Bedrooms | $481.4K | $600K | +24.6% |
| 5+ Bedrooms | $582.5K | $557.5K | -4.3% |
Summary: 08035 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Zip Codes
| 08106 | $313K | $375K | +19.8% |
| 08007 | $299.5K | $335K | +11.9% |
| 08059 | $270K | $300K | +11.1% |
| 08035 | $430K | $474.9K | +10.5% |
| 08033 | $685K | $749.5K | +9.4% |
Housing Supply in 08035, NJ
How many homes are available in 08035, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Summary: The 08035 real estate market had 19 homes for sale in November 2024, a 9.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 08035 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 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08035, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 08035 in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 08035, NJ
How long does it take to sell a home in 08035, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 40 Days | +317.1% |
Summary: Homes in 08035 had an average of 40 days on market in Nov 2024, up by 317.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08035 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 08035; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
