$6,056 Closing Credit*
$510,000
2 Beds
•1 Full Bath
Patricia A Kasdan, Listing Office: Weichert Realtors-Turnersville
Is 08085, 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, 08085 has remained a Seller's Market.
Key Takeaway
08085 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08085, NJ
How much do homes in 08085, NJ cost?
Median Sold Price
$410,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+7.9%)
Key Takeaway
Homes in 08085 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 08085 was $410,000 in November 2024, up 7.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $306K | +2.0% |
| 3 Bedrooms | $333.5K | $358K | +7.3% |
| 4 Bedrooms | $530K | $548.9K | +3.6% |
| 5+ Bedrooms | $675K | $645K | -4.4% |
Summary: 08085 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 2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 08085, NJ
How many homes are available in 08085, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 68 | -1.4% |
Summary: The 08085 real estate market had 68 homes for sale in November 2024, a 1.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 08085 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 decreased by 2.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08085, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 08085 in November 2024, up by 23.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 14% were sold at asking, and 62% were sold over asking.
Days on Market for 08085, NJ
How long does it take to sell a home in 08085, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +20.3% |
Summary: Homes in 08085 had an average of 26 days on market in Nov 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08085 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 21 homes were sold in 08085; 62% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
