$2,136 Closing Credit*
$179,900
1,972 SqFt
4 Beds
•2 Full Baths
Jacqueline Revoir, Listing Office: Keller Williams Realty - Washington Township
Is 08103, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 08103 was a Buyer'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
$129,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,500(+28.4%)
Key Takeaway
Homes in 08103 have sold for 28.4% more than they did a year ago.
Summary: The median home sold price in 08103 was $129,000 in November 2024, up 28.4% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $150K | +42.9% |
| 2 Bedrooms | $60K | $108.6K | +81.2% |
| 3 Bedrooms | $112.5K | $129K | +14.7% |
| 4 Bedrooms | $97K | $150K | +54.6% |
| 5+ Bedrooms | - | $170K | N/A |
Summary: 08103 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 81.2%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 54.6%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The 08103 real estate market had 44 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 08103 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08103, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 08103 in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 35 Days | +69.6% |
Summary: Homes in 08103 had an average of 35 days on market in Nov 2024, up by 69.6% compared to last year.
Breakdown of Home Sale Times
4 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 08103 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 08103; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
