$4,630 Closing Credit*
$389,900
960 SqFt
2 Beds
•1 Full Bath
Donald L Pollock Jr., Listing Office: New Jersey Home Sales Inc
Is 08081, 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, 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
$345,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,505(+10.0%)
Key Takeaway
Homes in 08081 have sold for 10% more than they did a year ago.
Summary: The median home sold price in 08081 was $345,000 in October 2024, up 10% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $136.2K | +6.9% |
| 2 Bedrooms | $185K | $198.5K | +7.3% |
| 3 Bedrooms | $280K | $309.7K | +10.6% |
| 4 Bedrooms | $435K | $465K | +6.9% |
| 5+ Bedrooms | $420K | $425K | +1.2% |
Summary: 08081 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 08081, NJ
How many homes are available in 08081, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 181 | 178 | -1.7% |
Summary: The 08081 real estate market had 178 homes for sale in October 2024, a 1.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 17 | +70.0% |
| 3 Bedrooms | 94 | 86 | -8.5% |
| 4 Bedrooms | 68 | 65 | -4.4% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 08081 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 70%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 46 | -19.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08081, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in 08081 in October 2024, down by 19.3% month-over-month. Of the 46 sold homes, 15% were sold under asking, 20% were sold at asking, and 65% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 21 Days | +35.2% |
Summary: Homes in 08081 had an average of 21 days on market in Oct 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 46 homes were sold in 08081; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% 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.