$3,004 Closing Credit*
$253,000
1,040 SqFt
3 Beds
•1 Full Bath
Jeanne D'Ottavi, Listing Office: BHHS Fox & Roach-Mullica Hill North
Is 08098, 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, 08098 was a Seller's Market.
Key Takeaway
08098 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 08098, NJ
How much do homes in 08098, NJ cost?
Median Sold Price
$375,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+25.0%)
Key Takeaway
Homes in 08098 have sold for 25% more than they did a year ago.
Summary: The median home sold price in 08098 was $375,000 in October 2024, up 25% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $165K | $265K | +60.6% |
| 3 Bedrooms | $269.5K | $362.5K | +34.5% |
| 4 Bedrooms | $435K | $435K | 0.0% |
| 5+ Bedrooms | $360K | $599K | +66.4% |
Summary: 08098 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 increased by 60.6%, 3 bedroom homes increased by 34.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 66.4%.
Housing Supply in 08098, NJ
How many homes are available in 08098, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The 08098 real estate market had 41 homes for sale in October 2024, a 7.9% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 08098 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 50%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08098, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 08098 in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for 08098, NJ
How long does it take to sell a home in 08098, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 31 Days | -9.2% |
Summary: Homes in 08098 had an average of 31 days on market in Oct 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08098 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in 08098; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
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.