$9,202 Closing Credit*
$774,900
4,735 SqFt
5 Beds
•4 Full Baths, 1 Partial
Patricia M Gesswein, Listing Office: Houwzer LLC-Haddonfield
Is 08098, 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, 08098 has remained a Seller's Market.
Key Takeaway
08098 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08098, NJ
How much do homes in 08098, NJ cost?
Median Sold Price
$384,950
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$69,950(+22.2%)
Key Takeaway
Homes in 08098 have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in 08098 was $384,950 in November 2024, up 22.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $161K | $252.5K | +56.8% |
| 3 Bedrooms | $270.3K | $365K | +35.0% |
| 4 Bedrooms | $420K | $473.5K | +12.7% |
| 5+ Bedrooms | $441.5K | $547.5K | +24.0% |
Summary: 08098 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 56.8%, 3 bedroom homes increased by 35%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 24%.
Housing Supply in 08098, NJ
How many homes are available in 08098, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The 08098 real estate market had 40 homes for sale in November 2024, a 8.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 08098 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 decreased by 25%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08098, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 08098 in November 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 50% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 42 Days | +49.2% |
Summary: Homes in 08098 had an average of 42 days on market in Nov 2024, up by 49.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 10 homes were sold in 08098; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
