$2,672 Closing Credit*
$225,000
1,056 SqFt
2 Beds
•1 Full Bath
Vivian J Zegarra, Listing Office: Coldwell Banker Realty
Is 08065, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$285,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$41,250(+16.9%)
Key Takeaway
Homes in 08065 have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in 08065 was $285,000 in December 2024, up 16.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $223K | $250K | +12.1% |
| 3 Bedrooms | $272.5K | $325K | +19.3% |
| 4 Bedrooms | $310.5K | $340K | +9.5% |
| 5+ Bedrooms | $462.5K | $301.5K | -34.8% |
Summary: 08065 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 34.8%.
Housing Supply in 08065, NJ
How many homes are available in 08065, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 | 23 | -25.8% |
Summary: The 08065 real estate market had 23 homes for sale in December 2024, a 25.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 5 | -54.5% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 08065 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 54.5%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
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 6 homes were sold or pending in 08065 in December 2024, down by 53.8% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 16 Days | 15 Days | -7.7% |
Summary: Homes in 08065 had an average of 15 days on market in Dec 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08065 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in 08065; 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.
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