$2,018 Closing Credit*
$169,900
1,280 SqFt
3 Beds
•1 Full Bath
Daniel P Bonomo, Listing Office: 24/7 Realty LLC
Is 08110, 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, 08110 has remained a Seller's Market.
Key Takeaway
08110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08110, NJ
How much do homes in 08110, NJ cost?
Median Sold Price
$274,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,600(+12.1%)
Key Takeaway
Homes in 08110 have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in 08110 was $274,500 in October 2024, up 12.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | - | N/A |
| 2 Bedrooms | $206K | $207K | 0.5% |
| 3 Bedrooms | $241K | $265K | +10.0% |
| 4 Bedrooms | $297.5K | $305K | +2.5% |
| 5+ Bedrooms | $285K | $368.5K | +29.3% |
Summary: 08110 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 increased by 0.5%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 29.3%.
Housing Supply in 08110, NJ
How many homes are available in 08110, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 59 | +3.5% |
Summary: The 08110 real estate market had 59 homes for sale in October 2024, a 3.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 38 | 41 | +7.9% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 08110 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 7.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08110, you could pay more than the asking price. 81.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 08110 in October 2024, up by 60.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 0% were sold at asking, and 81% were sold over asking.
Days on Market for 08110, NJ
How long does it take to sell a home in 08110, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 27 Days | -31.2% |
Summary: Homes in 08110 had an average of 27 days on market in Oct 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08110 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 08110; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.