$1,294 Closing Credit*
$109,000
1,512 SqFt
3 Beds
•1 Full Bath
Ronnie Glomb, Listing Office: Your Town Realty
Is 08079, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 08079 was a Seller's Market.
Key Takeaway
08079 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08079, NJ
How much do homes in 08079, NJ cost?
Median Sold Price
$170,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+3.0%)
Key Takeaway
Homes in 08079 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 08079 was $170,000 in October 2024, up 3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $112K | -2.5% |
| 3 Bedrooms | $186.7K | $180K | -3.6% |
| 4 Bedrooms | $172.5K | $211.5K | +22.6% |
| 5+ Bedrooms | $207.5K | $130K | -37.3% |
Summary: 08079 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 decreased by 2.5%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes decreased by 37.3%.
Median Sold Price Compared To Nearby Zip Codes
| 08079 | $165K | $170K | +3.0% |
| 08070 | $248K | $255K | +2.8% |
Housing Supply in 08079, NJ
How many homes are available in 08079, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 55 | +5.8% |
Summary: The 08079 real estate market had 55 homes for sale in October 2024, a 5.8% 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 | 7 | 10 | +42.9% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 08079 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 42.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08079, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 08079 in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for 08079, NJ
How long does it take to sell a home in 08079, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 18 Days | -32.1% |
Summary: Homes in 08079 had an average of 18 days on market in Oct 2024, down by 32.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08079 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 08079; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.