$6,757 Closing Credit*
$569,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Keyway Real Estate, LLC
Is 08205, 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, 08205 has remained a Seller's Market.
Key Takeaway
08205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08205, NJ
How much do homes in 08205, NJ cost?
Median Sold Price
$276,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$96,100(+53.4%)
Key Takeaway
Homes in 08205 have sold for 53.4% more than they did a year ago.
Summary: The median home sold price in 08205 was $276,000 in October 2024, up 53.4% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $174K | +28.9% |
| 2 Bedrooms | $165K | $211K | +27.9% |
| 3 Bedrooms | $310K | $351.5K | +13.4% |
| 4 Bedrooms | $400K | $450K | +12.5% |
| 5+ Bedrooms | $356K | $485K | +36.2% |
Summary: 08205 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 27.9%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 36.2%.
Median Sold Price Compared To Nearby Zip Codes
| 08205 | $179.9K | $276K | +53.4% |
| 08201 | $235K | $309.9K | +31.9% |
| 08203 | $452.5K | $595K | +31.5% |
Housing Supply in 08205, NJ
How many homes are available in 08205, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 | 161 | +10.3% |
Summary: The 08205 real estate market had 161 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 14 | +16.7% |
| 2 Bedrooms | 51 | 64 | +25.5% |
| 3 Bedrooms | 41 | 42 | +2.4% |
| 4 Bedrooms | 29 | 25 | -13.8% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The 08205 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 42 | +31.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08205, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 08205 in October 2024, up by 31.3% month-over-month. Of the 30 sold homes, 43% were sold under asking, 30% were sold at asking, and 27% were sold over asking.
Days on Market for 08205, NJ
How long does it take to sell a home in 08205, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +7.3% |
Summary: Homes in 08205 had an average of 22 days on market in Oct 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08205 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 42 homes were sold in 08205; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.