$4,216 Closing Credit*
$355,000
1,732 SqFt
3 Beds
•2 Full Baths, 1 Partial
Alicyn Nichols, Listing Office: Century 21 Town & Country Realty - Mickleton
Is 08061, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 08061 was a Neutral Market.
Key Takeaway
08061 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08061, NJ
How much do homes in 08061, NJ cost?
Median Sold Price
$410,000
$176/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$83,937(+25.7%)
Key Takeaway
Homes in 08061 have sold for 25.7% more than they did a month ago.
Summary: The median home sold price in 08061 was $410,000 in November 2024, up 25.7% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $326K | $425K | +30.3% |
| 4 Bedrooms | - | $295K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 08061 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 30.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 08061, NJ
How many homes are available in 08061, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The 08061 real estate market had 12 homes for sale in November 2024, a 7.7% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08061 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 decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08061, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 08061 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 08061, NJ
How long does it take to sell a home in 08061, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 86 Days | +196.6% |
Summary: Homes in 08061 had an average of 86 days on market in Nov 2024, up by 196.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08061 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 08061; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
