$4,619 Closing Credit*
$389,000
1,776 SqFt
3 Beds
•2 Full Baths
Marie E Meglio, Listing Office: RE/MAX ONE Realty-Moorestown
Is 08077, 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, 08077 has remained a Seller's Market.
Key Takeaway
08077 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08077, NJ
How much do homes in 08077, NJ cost?
Median Sold Price
$422,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$47,500(+12.7%)
Key Takeaway
Homes in 08077 have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in 08077 was $422,500 in December 2024, up 12.7% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $231K | +84.8% |
| 2 Bedrooms | $232K | $267.5K | +15.3% |
| 3 Bedrooms | $350K | $393.5K | +12.4% |
| 4 Bedrooms | $470K | $495K | +5.3% |
| 5+ Bedrooms | $500K | $554.9K | +11.0% |
Summary: 08077 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.8%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 11%.
Housing Supply in 08077, NJ
How many homes are available in 08077, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 69 | 63 | -8.7% |
Summary: The 08077 real estate market had 63 homes for sale in December 2024, a 8.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The 08077 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08077, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 08077 in December 2024, up by 18.8% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for 08077, NJ
How long does it take to sell a home in 08077, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -15.9% |
Summary: Homes in 08077 had an average of 23 days on market in Dec 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08077 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 19 homes were sold in 08077; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
