$2,719 Closing Credit*
$229,000
672 SqFt
2 Beds
•1 Full Bath
Ahron Gordon, Listing Office: RE/MAX On the Move Realty
Is 08068, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 08068 was a Seller's Market.
Key Takeaway
08068 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08068, NJ
How much do homes in 08068, NJ cost?
Median Sold Price
$303,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,000(+9.8%)
Key Takeaway
Homes in 08068 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 08068 was $303,000 in November 2024, up 9.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134.4K | $140K | +4.1% |
| 3 Bedrooms | $305K | $327K | +7.2% |
| 4 Bedrooms | $320K | $350K | +9.4% |
| 5+ Bedrooms | $263.5K | $355K | +34.7% |
Summary: 08068 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 34.7%.
Median Sold Price Compared To Nearby Zip Codes
| 08068 | $276K | $303K | +9.8% |
| 08022 | $415.7K | $410K | -1.4% |
Housing Supply in 08068, NJ
How many homes are available in 08068, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The 08068 real estate market had 25 homes for sale in November 2024, a 3.8% 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 | 5 | 9 | +80.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 08068 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 increased by 80%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08068, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 08068 in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 08068, NJ
How long does it take to sell a home in 08068, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 26 Days | -64.4% |
Summary: Homes in 08068 had an average of 26 days on market in Nov 2024, down by 64.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08068 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 08068; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.