$4,726 Closing Credit*
$398,000
780 SqFt
2 Beds
•1 Full Bath
Richard A Suthard, Listing Office: Balsley-Losco Realtors
Is 08241, 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, 08241 was a Seller's Market.
Key Takeaway
08241 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 08241, NJ
How much do homes in 08241, NJ cost?
Median Sold Price
$345,000
$188/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$325,000(-48.5%)
Key Takeaway
Homes in 08241 have sold for 48.5% less than they did a month ago.
Summary: The median home sold price in 08241 was $345,000 in October 2024, down 48.5% from last month, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $368K | - | N/A |
| 3 Bedrooms | $530K | - | N/A |
| 4 Bedrooms | $675K | $345K | -48.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: 08241 housing prices by bedroom type for October 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 48.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 08215 | $350K | $367K | +4.9% |
| 08241 | $670K | $345K | -48.5% |
Housing Supply in 08241, NJ
How many homes are available in 08241, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Summary: The 08241 real estate market had 7 homes for sale in October 2024, a 36.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 6 | 1 | -83.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08241 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 83.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08241, 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 08241 in October 2024, down by 85.7% 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 08241, NJ
How long does it take to sell a home in 08241, NJ?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 11 Days | -74.1% |
Summary: Homes in 08241 had an average of 11 days on market in Oct 2024, down by 74.1% 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
Key Takeaway
Many homes in 08241 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 08241; 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. © 2024 SJSR MLS. All rights reserved.