$3,918 Closing Credit*
$329,900
1,648 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: eXp Realty-Atlantic City
Is 08232, 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, 08232 has remained a Seller's Market.
Key Takeaway
08232 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08232, NJ
How much do homes in 08232, NJ cost?
Median Sold Price
$242,500
$170/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$17,400(-6.7%)
Key Takeaway
Homes in 08232 have sold for 6.7% less than they did a month ago.
Summary: The median home sold price in 08232 was $242,500 in November 2024, down 6.7% from last month, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174.5K | $125.1K | -28.3% |
| 3 Bedrooms | $263.4K | $275K | +4.4% |
| 4 Bedrooms | $333.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 08232 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 decreased by 28.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes did not change, 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 08232, NJ
How many homes are available in 08232, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 63 | -19.2% |
Summary: The 08232 real estate market had 63 homes for sale in November 2024, a 19.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 18 | 12 | -33.3% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 16 | 11 | -31.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 08232 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 14 | -44.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08232, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 08232 in November 2024, down by 44.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for 08232, NJ
How long does it take to sell a home in 08232, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -1.5% |
Summary: Homes in 08232 had an average of 31 days on market in Nov 2024, down by 1.5% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08232 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 08232; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% 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.