Is 08230, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08230 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 08230 was a Seller's Market.

Key Takeaway

08230 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 08230, NJ

How much do homes in 08230, NJ cost?

Median Sold Price

$250,000

$191/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$469,990(-65.3%)

Key Takeaway

Homes in 08230 have sold for 65.3% less than they did a month ago.

Summary: The median home sold price in 08230 was $250,000 in December 2024, down 65.3% from last month, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$250K
N/A
3 --
N/A
4 $719.9K-
N/A
5+ --
N/A

Summary: 08230 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 did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

08223
-34.1%
08230
-65.3%

Housing Supply in 08230, NJ

How many homes are available in 08230, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1312-7.7%

Summary: The 08230 real estate market had 12 homes for sale in December 2024, a 7.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 22
0.0%
4 108
-20.0%
5+ 00
0.0%

Summary: The 08230 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 08230, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 08230 in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 08230, NJ

How long does it take to sell a home in 08230, NJ?

Average Sale Time

Nov 2024Dec 2024CHANGE
33 Days29 Days-13.0%

Summary: Homes in 08230 had an average of 29 days on market in Dec 2024, down by 13% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 08230 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 08230; 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.

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 08230, NJ

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