$8,301 Closing Credit*
$699,000
3,660 SqFt
5 Beds
•3 Full Baths, 1 Partial
Ruby L Midgette, Listing Office: WPI Team Realty Group, LLC
Is 08068, 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, 08068 has remained a Seller's Market.
Key Takeaway
08068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 October 2023
+$30,000(+11.0%)
Key Takeaway
Homes in 08068 have sold for 11% more than they did a year ago.
Summary: The median home sold price in 08068 was $303,000 in October 2024, up 11% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $134.9K | $140K | +3.8% |
| 3 Bedrooms | $285K | $327K | +14.7% |
| 4 Bedrooms | $320.7K | $335K | +4.4% |
| 5+ Bedrooms | $296.7K | $355K | +19.6% |
Summary: 08068 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 3.8%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Zip Codes
| 08068 | $273K | $303K | +11.0% |
| 08022 | $412.7K | $404.5K | -2.0% |
Housing Supply in 08068, NJ
How many homes are available in 08068, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The 08068 real estate market had 26 homes for sale in October 2024, a 8.3% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 08068 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08068, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 08068 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 156 Days | 14 Days | -90.9% |
Summary: Homes in 08068 had an average of 14 days on market in Oct 2024, down by 90.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were 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 October 2024, 5 homes were sold in 08068; 80% of homes were sold within 30 days, 20% 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.