$3,147 Closing Credit*
$265,000
1,217 SqFt
3 Beds
•1 Full Bath
Cheryl Lynn Eliason, Listing Office: R. H. Mosier Inc.
Is 08093, 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, 08093 has remained a Seller's Market.
Key Takeaway
08093 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08093, NJ
How much do homes in 08093, NJ cost?
Median Sold Price
$255,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+4.1%)
Key Takeaway
Homes in 08093 have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in 08093 was $255,000 in October 2024, up 4.1% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.2K | $135K | +46.3% |
| 2 Bedrooms | $205K | $195K | -4.9% |
| 3 Bedrooms | $241K | $259K | +7.5% |
| 4 Bedrooms | $290K | $315K | +8.6% |
| 5+ Bedrooms | $365K | $315K | -13.7% |
Summary: 08093 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.3%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 13.7%.
Housing Supply in 08093, NJ
How many homes are available in 08093, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The 08093 real estate market had 29 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 08093 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08093, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 08093 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for 08093, NJ
How long does it take to sell a home in 08093, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 34 Days | +41.9% |
Summary: Homes in 08093 had an average of 34 days on market in Oct 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08093 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 08093; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
