$4,155 Closing Credit*
$349,900
2,192 SqFt
3 Beds
•1 Full Bath, 1 Partial
Joshua C Haas, Listing Office: Garden State Properties Group - Runnemede
Is 08051, 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, 08051 has remained a Seller's Market.
Key Takeaway
08051 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08051, NJ
How much do homes in 08051, NJ cost?
Median Sold Price
$262,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+5.0%)
Key Takeaway
Homes in 08051 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 08051 was $262,500 in October 2024, up 5% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $182K | +10.3% |
| 2 Bedrooms | $219.2K | $230K | +4.9% |
| 3 Bedrooms | $268.7K | $308.5K | +14.8% |
| 4 Bedrooms | $420K | $488.3K | +16.3% |
| 5+ Bedrooms | $567.5K | $703K | +23.9% |
Summary: 08051 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 23.9%.
Median Sold Price Compared To Nearby Zip Codes
| 08086 | $295K | $342.5K | +16.1% |
| 08020 | $385K | $425K | +10.4% |
| 08061 | $350K | $370K | +5.7% |
| 08051 | $250K | $262.5K | +5.0% |
| 08090 | $327K | $330K | +0.9% |
Housing Supply in 08051, NJ
How many homes are available in 08051, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Summary: The 08051 real estate market had 48 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 08051 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08051, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 08051 in October 2024, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 08051, NJ
How long does it take to sell a home in 08051, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 16 Days | +4.5% |
Summary: Homes in 08051 had an average of 16 days on market in Oct 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08051 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 08051; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
