$1,900 Closing Credit*
$160,000
1,590 SqFt
4 Beds
•1 Full Bath, 1 Partial
Carol A. Allely, Listing Office: Garden Realty of Turnersville
Is 08103, 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, 08103 has remained a Seller's Market.
Key Takeaway
08103 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08103, NJ
How much do homes in 08103, NJ cost?
Median Sold Price
$126,500
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,500(+20.5%)
Key Takeaway
Homes in 08103 have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in 08103 was $126,500 in October 2024, up 20.5% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $150K | +42.9% |
| 2 Bedrooms | $70K | $108.6K | +55.3% |
| 3 Bedrooms | $115K | $129K | +12.2% |
| 4 Bedrooms | $101K | $149.5K | +48.0% |
| 5+ Bedrooms | - | $170K | N/A |
Summary: 08103 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 55.3%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 48%, and 5+ bedroom homes did not change.
Housing Supply in 08103, NJ
How many homes are available in 08103, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Summary: The 08103 real estate market had 45 homes for sale in October 2024, a 12.5% increase 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 08103 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 decreased by 20%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 25%, 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
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08103, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 08103 in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for 08103, NJ
How long does it take to sell a home in 08103, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 61 Days | +106.7% |
Summary: Homes in 08103 had an average of 61 days on market in Oct 2024, up by 106.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08103 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 08103; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
