$2,650,000
1,740 SqFt
Jeffrey Broder, Listing Office: Keller Williams - Main Street
Is 08247, 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, 08247 has remained a Seller's Market.
Key Takeaway
08247 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08247, NJ
How much do homes in 08247, NJ cost?
Median Sold Price
$2,500,000
$2,064/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$1,400,000(-35.9%)
Key Takeaway
Homes in 08247 have sold for 35.9% less than they did a month ago.
Summary: The median home sold price in 08247 was $2,500,000 in November 2024, down 35.9% from last month, and the median price per square foot was $2,064.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $2.8M | $2.5M | -10.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $5.0M | - | N/A |
Summary: 08247 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 10.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 08247, NJ
How many homes are available in 08247, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Summary: The 08247 real estate market had 5 homes for sale in November 2024, a 28.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 08247 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 decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 08247, 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 08247 in November 2024, down by 50.0% 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 08247, NJ
How long does it take to sell a home in 08247, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 Days | 6 Days | -95.6% |
Summary: Homes in 08247 had an average of 6 days on market in Nov 2024, down by 95.6% 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 08247 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in 08247; 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.