Housing Prices in 08242, NJ

How much do homes in 08242, NJ cost?

Median List Price

$362,000

$221/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

-$50,499(-12.2%)

Key Takeaway

The list price of homes in 08242 has decreased by 12.2% since last year.

Summary: The median home list price in 08242 was $362,000 in November 2024, down 12.2% from the previous year, and the median price per square foot was $221.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$214.4K
N/A
3 $325K$399K
+22.8%
4 $799K$549.4K
-31.2%
5+ -$420K
N/A

Summary: 08242 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 22.8%, 4 bedroom homes decreased by 31.2%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Zip Codes

08251
+21.6%
08260
+13.7%
08210
+9.0%
08204
+6.5%
08242
-12.2%

Housing Supply in 08242, NJ

How many homes are available in 08242, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
440.0%

Summary: The 08242 real estate market had 4 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 11
0.0%
5+ 11
0.0%

Summary: The 08242 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for 08242, NJ

How long does it take to sell a home in 08242, NJ?

Average Listing Age

Nov 2023Nov 2024CHANGE
386 Days376 Days-2.5%

Summary: Homes in 08242 had an average listing age of 376 days in Nov 2024, down by 2.5% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 08242, NJ

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