$4,026 Closing Credit*
$339,000
1,461 SqFt
3 Beds
•2 Full Baths
Listing Office: ZONA REAL ESTATE, INC
Is 08201, 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, 08201 was a Buyer's Market.
Key Takeaway
08201 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08201, NJ
How much do homes in 08201, NJ cost?
Median Sold Price
$310,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$90,000(+40.9%)
Key Takeaway
Homes in 08201 have sold for 40.9% more than they did a year ago.
Summary: The median home sold price in 08201 was $310,000 in November 2024, up 40.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $179.9K | +9.0% |
| 2 Bedrooms | $158.2K | $225K | +42.2% |
| 3 Bedrooms | $287K | $314.9K | +9.8% |
| 4 Bedrooms | $289K | $390K | +34.9% |
| 5+ Bedrooms | $449K | $467.5K | +4.1% |
Summary: 08201 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 42.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 08201, NJ
How many homes are available in 08201, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The 08201 real estate market had 23 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 08201 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08201, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 08201 in November 2024, down by 28.6% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 08201, NJ
How long does it take to sell a home in 08201, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 10 Days | -33.8% |
Summary: Homes in 08201 had an average of 10 days on market in Nov 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08201 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in 08201; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.