$6,412 Closing Credit*
$539,990
2,241 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jennifer Baker, Listing Office: Coldwell Banker Realty
Is 08106, 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, 08106 was a Seller's Market.
Key Takeaway
08106 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 08106, NJ
How much do homes in 08106, NJ cost?
Median Sold Price
$377,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,000(+20.4%)
Key Takeaway
Homes in 08106 have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in 08106 was $377,000 in October 2024, up 20.4% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.5K | $249K | -1.4% |
| 3 Bedrooms | $311.5K | $360K | +15.6% |
| 4 Bedrooms | $407.5K | $410K | +0.6% |
| 5+ Bedrooms | $321K | $445K | +38.6% |
Summary: 08106 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 decreased by 1.4%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 38.6%.
Housing Supply in 08106, NJ
How many homes are available in 08106, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Summary: The 08106 real estate market had 25 homes for sale in October 2024, a 31.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 08106 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 14.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08106, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in 08106 in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for 08106, NJ
How long does it take to sell a home in 08106, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 36 Days | +101.2% |
Summary: Homes in 08106 had an average of 36 days on market in Oct 2024, up by 101.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08106 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 08106; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
