$5,344 Closing Credit*
$450,000
1,360 SqFt
3 Beds
•2 Full Baths
Danielle Evette Moore, Listing Office: Keller Williams Realty - Medford
Is 08036, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 08036 was a Seller's Market.
Key Takeaway
08036 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08036, NJ
How much do homes in 08036, NJ cost?
Median Sold Price
$488,750
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,500(+10.3%)
Key Takeaway
Homes in 08036 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 08036 was $488,750 in November 2024, up 10.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $392.5K | $310K | -21.0% |
| 3 Bedrooms | $426K | $400K | -6.1% |
| 4 Bedrooms | $600K | $637.5K | +6.3% |
| 5+ Bedrooms | $645K | $665.3K | +3.2% |
Summary: 08036 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 decreased by 21%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 08036, NJ
How many homes are available in 08036, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The 08036 real estate market had 16 homes for sale in November 2024, a 20.0% decrease 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 9 | 4 | -55.6% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 08036 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 20%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08036, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 08036 in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 08036, NJ
How long does it take to sell a home in 08036, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 32 Days | +65.3% |
Summary: Homes in 08036 had an average of 32 days on market in Nov 2024, up by 65.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08036 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 08036; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
