$2,791 Closing Credit*
$235,000
1,368 SqFt
4 Beds
•1 Full Bath, 1 Partial
George J Kelly, Listing Office: Keller Williams Realty
Is 08066, 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, 08066 has remained a Seller's Market.
Key Takeaway
08066 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08066, NJ
How much do homes in 08066, NJ cost?
Median Sold Price
$225,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,800(+13.0%)
Key Takeaway
Homes in 08066 have sold for 13% more than they did a year ago.
Summary: The median home sold price in 08066 was $225,000 in October 2024, up 13% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $84.9K | - | N/A |
| 2 Bedrooms | $161K | $175K | +8.7% |
| 3 Bedrooms | $198.5K | $230K | +15.9% |
| 4 Bedrooms | $220K | $265K | +20.5% |
| 5+ Bedrooms | $175K | $211.5K | +20.9% |
Summary: 08066 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 8.7%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Zip Codes
| 08086 | $295K | $342.5K | +16.1% |
| 08027 | $262.5K | $302.5K | +15.2% |
| 08066 | $199.2K | $225K | +13.0% |
| 08020 | $385K | $425K | +10.4% |
| 08061 | $350K | $370K | +5.7% |
Housing Supply in 08066, NJ
How many homes are available in 08066, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The 08066 real estate market had 35 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 08066 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 20%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08066, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 08066 in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for 08066, NJ
How long does it take to sell a home in 08066, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 34 Days | +153.7% |
Summary: Homes in 08066 had an average of 34 days on market in Oct 2024, up by 153.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08066 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 08066; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
