$2,613 Closing Credit*
$220,000
2,016 SqFt
5 Beds
•1 Full Bath, 1 Partial
Heather M Bosco, Listing Office: Weichert Realtors-Mullica Hill
Is 08070, 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, 08070 was a Seller's Market.
Key Takeaway
08070 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 08070, NJ
How much do homes in 08070, NJ cost?
Median Sold Price
$257,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,000(+2.8%)
Key Takeaway
Homes in 08070 have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in 08070 was $257,000 in November 2024, up 2.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $149.7K | N/A |
| 2 Bedrooms | $177.5K | $210K | +18.3% |
| 3 Bedrooms | $250K | $257.2K | +2.9% |
| 4 Bedrooms | $275K | $302K | +9.8% |
| 5+ Bedrooms | $250K | $267.5K | +7.0% |
Summary: 08070 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 18.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 7%.
Housing Supply in 08070, NJ
How many homes are available in 08070, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 66 | +15.8% |
Summary: The 08070 real estate market had 66 homes for sale in November 2024, a 15.8% increase 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 08070 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 remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08070, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 08070 in November 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for 08070, NJ
How long does it take to sell a home in 08070, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 26 Days | -19.6% |
Summary: Homes in 08070 had an average of 26 days on market in Nov 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08070 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 08070; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
