Is 08065, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08065 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 08065 has remained a Seller's Market.

Key Takeaway

08065 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 08065, NJ

How much do homes in 08065, NJ cost?

Median Sold Price

$282,500

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,250(+16.6%)

Key Takeaway

Homes in 08065 have sold for 16.6% more than they did a year ago.

Summary: The median home sold price in 08065 was $282,500 in October 2024, up 16.6% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $223K$245K
+9.9%
3 $266K$309.2K
+16.3%
4 $320K$350K
+9.4%
5+ $462.5K$301.5K
-34.8%

Summary: 08065 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 9.9%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 34.8%.

Median Sold Price Compared To Nearby Zip Codes

08065
+16.6%
19137
+14.0%
08110
+12.1%
08077
+10.8%
19135
+8.1%

Housing Supply in 08065, NJ

How many homes are available in 08065, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3139+25.8%

Summary: The 08065 real estate market had 39 homes for sale in October 2024, a 25.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 1518
+20.0%
4 46
+50.0%
5+ 13
+200.0%

Summary: The 08065 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 9.1%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 08065, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 08065 in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.

Days on Market for 08065, NJ

How long does it take to sell a home in 08065, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days20 Days+12.6%

Summary: Homes in 08065 had an average of 20 days on market in Oct 2024, up by 12.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 08065 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 08065; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in 08065, NJ

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