$5,344 Closing Credit*
$450,000
2,333 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michael DiPlacido, Listing Office: Weichert Realtors-Haddonfield
Is 08081, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 08081 has remained a Seller's Market.
Key Takeaway
08081 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08081, NJ
How much do homes in 08081, NJ cost?
Median Sold Price
$350,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+12.9%)
Key Takeaway
Homes in 08081 have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in 08081 was $350,000 in November 2024, up 12.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $136.2K | +13.5% |
| 2 Bedrooms | $167.5K | $200K | +19.4% |
| 3 Bedrooms | $280K | $315K | +12.5% |
| 4 Bedrooms | $435K | $470K | +8.0% |
| 5+ Bedrooms | $414K | $452.5K | +9.3% |
Summary: 08081 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in 08081, NJ
How many homes are available in 08081, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 178 | 159 | -10.7% |
Summary: The 08081 real estate market had 159 homes for sale in November 2024, a 10.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 17 | 22 | +29.4% |
| 3 Bedrooms | 83 | 71 | -14.5% |
| 4 Bedrooms | 67 | 57 | -14.9% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 08081 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 29.4%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 44 | -10.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08081, you could pay more than the asking price. 61.4% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in 08081 in November 2024, down by 10.2% month-over-month. Of the 44 sold homes, 25% were sold under asking, 14% were sold at asking, and 61% were sold over asking.
Days on Market for 08081, NJ
How long does it take to sell a home in 08081, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 22 Days | +13.3% |
Summary: Homes in 08081 had an average of 22 days on market in Nov 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08081 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in 08081; 75% of homes were sold within 30 days, 25% 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.