$5,580 Closing Credit*
$469,900
2,960 SqFt
4 Beds
•2 Full Baths
Michele L. Jackson, Listing Office: Platinum Real Estate
Is 08225, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 08225 has remained a Seller's Market.
Key Takeaway
08225 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08225, NJ
How much do homes in 08225, NJ cost?
Median Sold Price
$565,000
$204/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$152,500(+37.0%)
Key Takeaway
Homes in 08225 have sold for 37% more than they did a month ago.
Summary: The median home sold price in 08225 was $565,000 in November 2024, up 37% from last month, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $255K | N/A |
| 3 Bedrooms | $385K | $298K | -22.6% |
| 4 Bedrooms | $495K | $585K | +18.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 08225 housing prices by bedroom type for November 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 decreased by 22.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 08225 | $412.5K | $565K | +37.0% |
| 08232 | $259.9K | $242.5K | -6.7% |
Housing Supply in 08225, NJ
How many homes are available in 08225, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 39 | -23.5% |
Summary: The 08225 real estate market had 39 homes for sale in November 2024, a 23.5% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 24 | 14 | -41.7% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 08225 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 41.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08225, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 08225 in November 2024, up by 15.4% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for 08225, NJ
How long does it take to sell a home in 08225, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 37 Days | -4.8% |
Summary: Homes in 08225 had an average of 37 days on market in Nov 2024, down by 4.8% compared to last month.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08225 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 08225; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% 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.