$4,738 Closing Credit*
$399,000
1,285 SqFt
3 Beds
•1 Full Bath
Scott Sepkowicz, Listing Office: KW Empower
Is 08035, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 08035 was a Seller's Market.
Key Takeaway
08035 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 08035, NJ
How much do homes in 08035, NJ cost?
Median Sold Price
$474,900
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$43,900(+10.2%)
Key Takeaway
Homes in 08035 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 08035 was $474,900 in October 2024, up 10.2% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.5K | $315K | +24.8% |
| 3 Bedrooms | $405K | $420K | +3.7% |
| 4 Bedrooms | $481.4K | $592.5K | +23.1% |
| 5+ Bedrooms | $875K | $557.5K | -36.3% |
Summary: 08035 housing prices by bedroom type for October 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 3.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 36.3%.
Median Sold Price Compared To Nearby Zip Codes
| 08106 | $313K | $377K | +20.4% |
| 08033 | $650K | $726.2K | +11.7% |
| 08059 | $270K | $300K | +11.1% |
| 08035 | $431K | $474.9K | +10.2% |
Housing Supply in 08035, NJ
How many homes are available in 08035, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 24 | +50.0% |
Summary: The 08035 real estate market had 24 homes for sale in October 2024, a 50.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 08035 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 increased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08035, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 08035 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 9 Days | -75.7% |
Summary: Homes in 08035 had an average of 9 days on market in Oct 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08035 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 08035; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
