$4,869 Closing Credit*
$409,999
1,328 SqFt
3 Beds
•2 Full Baths
Matthew J Curcio, Listing Office: Real Broker, LLC
Is 08251, 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, 08251 was a Neutral Market.
Key Takeaway
08251 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08251, NJ
How much do homes in 08251, NJ cost?
Median Sold Price
$415,000
$615/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$444,000(-51.7%)
Key Takeaway
Homes in 08251 have sold for 51.7% less than they did a month ago.
Summary: The median home sold price in 08251 was $415,000 in November 2024, down 51.7% from last month, and the median price per square foot was $615.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $615.5K | $415K | -32.6% |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | $1.0M | - | N/A |
Summary: 08251 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 32.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 08204 | $589.9K | $1.6M | +182.2% |
| 08251 | $859K | $415K | -51.7% |
Housing Supply in 08251, NJ
How many homes are available in 08251, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The 08251 real estate market had 29 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 08251 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 increased by 66.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08251, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 08251 in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 08251, NJ
How long does it take to sell a home in 08251, NJ?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 92 Days | +36.6% |
Summary: Homes in 08251 had an average of 92 days on market in Nov 2024, up by 36.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08251 has remained consistent over time.
Summary: During November 2024, 3 homes were sold in 08251; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.