Is 08215, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08215 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 08215 has remained a Seller's Market.

Key Takeaway

08215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 08215, NJ

How much do homes in 08215, NJ cost?

Median Sold Price

$310,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$58,100(+23.1%)

Key Takeaway

Homes in 08215 have sold for 23.1% more than they did a year ago.

Summary: The median home sold price in 08215 was $310,000 in December 2024, up 23.1% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $145K-
N/A
2 $191K$240K
+25.7%
3 $262.5K$310K
+18.1%
4 $270K$401K
+48.5%
5+ $358.5K$333K
-7.1%

Summary: 08215 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 48.5%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Zip Codes

08205
+55.3%
08215
+23.1%
08087
+8.4%

Housing Supply in 08215, NJ

How many homes are available in 08215, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5558+5.5%

Summary: The 08215 real estate market had 58 homes for sale in December 2024, a 5.5% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1013
+30.0%
3 2933
+13.8%
4 117
-36.4%
5+ 44
0.0%

Summary: The 08215 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 08215, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 08215 in December 2024, down by 23.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.

Days on Market for 08215, NJ

How long does it take to sell a home in 08215, NJ?

Average Sale Time

Dec 2023Dec 2024CHANGE
26 Days37 Days+44.6%

Summary: Homes in 08215 had an average of 37 days on market in Dec 2024, up by 44.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 08215 has remained consistent over time.

Summary: During December 2024, 10 homes were sold in 08215; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 08215, NJ

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