$3,563 Closing Credit*
$300,000
1,168 SqFt
3 Beds
•2 Full Baths
Liam Coonahan, Listing Office: Real of Pennsylvania
Is 08063, 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, 08063 has remained a Buyer's Market.
Key Takeaway
08063 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08063, NJ
How much do homes in 08063, NJ cost?
Median Sold Price
$251,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,000(+6.8%)
Key Takeaway
Homes in 08063 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 08063 was $251,000 in October 2024, up 6.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174K | $222.5K | +27.9% |
| 3 Bedrooms | $240K | $270K | +12.5% |
| 4 Bedrooms | $250K | $266K | +6.4% |
| 5+ Bedrooms | - | $250K | N/A |
Summary: 08063 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 27.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 08086 | $295K | $342.5K | +16.1% |
| 19153 | $205K | $225K | +9.8% |
| 08063 | $235K | $251K | +6.8% |
Housing Supply in 08063, NJ
How many homes are available in 08063, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Summary: The 08063 real estate market had 10 homes for sale in October 2024, a 25.0% 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 | 6 | 7 | +16.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08063 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 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 08063, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 08063 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 08063, NJ
How long does it take to sell a home in 08063, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 16 Days | +100.0% |
Summary: Homes in 08063 had an average of 16 days on market in Oct 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08063 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 08063; 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.
