$4,738 Closing Credit*
$399,000
1,368 SqFt
3 Beds
•2 Full Baths
Listing Office: GRACE REALTY
Is 08223, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 08223 was a Buyer's Market.
Key Takeaway
08223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08223, NJ
How much do homes in 08223, NJ cost?
Median Sold Price
$455,000
$246/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$235,000(-34.1%)
Key Takeaway
Homes in 08223 have sold for 34.1% less than they did a month ago.
Summary: The median home sold price in 08223 was $455,000 in December 2024, down 34.1% from last month, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $400K | N/A |
| 4 Bedrooms | $690K | $510K | -26.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: 08223 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 08223 | $690K | $455K | -34.1% |
| 08230 | $719.9K | $250K | -65.3% |
Housing Supply in 08223, NJ
How many homes are available in 08223, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The 08223 real estate market had 9 homes for sale in December 2024, a 10.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08223 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08223, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 08223 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 08223, NJ
How long does it take to sell a home in 08223, NJ?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 50 Days | 17 Days | -66.0% |
Summary: Homes in 08223 had an average of 17 days on market in Dec 2024, down by 66% compared to last month.
Breakdown of Home Sale Times
2 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 08223 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in 08223; 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. © 2025 SJSR MLS. All rights reserved.