$3,681 Closing Credit*
$310,000
1,456 SqFt
3 Beds
•1 Full Bath, 1 Partial
Daniel Kevin OHalloran, Listing Office: Keller Williams Realty - Medford
Is 08109, 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, 08109 has remained a Seller's Market.
Key Takeaway
08109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08109, NJ
How much do homes in 08109, NJ cost?
Median Sold Price
$335,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+11.7%)
Key Takeaway
Homes in 08109 have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in 08109 was $335,000 in November 2024, up 11.7% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $123K | N/A |
| 2 Bedrooms | $214K | $240K | +12.1% |
| 3 Bedrooms | $290K | $320K | +10.3% |
| 4 Bedrooms | $330K | $380K | +15.2% |
| 5+ Bedrooms | $387K | $380K | -1.8% |
Summary: 08109 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 12.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 08109, NJ
How many homes are available in 08109, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 60 | -3.2% |
Summary: The 08109 real estate market had 60 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 33 | 28 | -15.2% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 08109 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 increased by 66.7%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08109, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 08109 in November 2024, the same as the previous month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for 08109, NJ
How long does it take to sell a home in 08109, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 35 Days | +47.8% |
Summary: Homes in 08109 had an average of 35 days on market in Nov 2024, up by 47.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08109 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in 08109; 53% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
