$5,332 Closing Credit*
$449,000
1,536 SqFt
4 Beds
•1 Full Bath
Danielle Suzanne Ruggierio, Listing Office: KingsGate Realty 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
Since last month, 08251 has remained a Buyer's 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
$755,000
$285/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$355,000(+88.8%)
Key Takeaway
Homes in 08251 have sold for 88.8% more than they did a month ago.
Summary: The median home sold price in 08251 was $755,000 in October 2024, up 88.8% from last month, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $360K | - | N/A |
| 3 Bedrooms | $440K | $372K | -15.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: 08251 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 decreased by 15.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 08251 | $400K | $755K | +88.8% |
| 08210 | $504.9K | $642.4K | +27.2% |
| 08204 | $900K | $794.4K | -11.7% |
Housing Supply in 08251, NJ
How many homes are available in 08251, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Summary: The 08251 real estate market had 30 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 08251 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 25%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 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 4 homes were sold or pending in 08251 in October 2024, up by 100.0% month-over-month. Of the 4 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 76 Days | +150.0% |
Summary: Homes in 08251 had an average of 76 days on market in Oct 2024, up by 150% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08251 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 08251; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.