$5,166 Closing Credit*
$435,000
728 SqFt
2 Beds
•1 Full Bath
Jacqueline M Silva, Listing Office: OCF Realty LLC - Philadelphia
Is 08260, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 08260 was a Seller's Market.
Key Takeaway
08260 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 08260, NJ
How much do homes in 08260, NJ cost?
Median Sold Price
$542,500
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,000(+21.2%)
Key Takeaway
Homes in 08260 have sold for 21.2% more than they did a year ago.
Summary: The median home sold price in 08260 was $542,500 in October 2024, up 21.2% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $284K | +1.4% |
| 2 Bedrooms | $345K | $370.7K | +7.5% |
| 3 Bedrooms | $531K | $571K | +7.5% |
| 4 Bedrooms | $602K | $739.9K | +22.9% |
| 5+ Bedrooms | $847.9K | $1.2M | +50.4% |
Summary: 08260 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes increased by 50.4%.
Housing Supply in 08260, NJ
How many homes are available in 08260, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 69 | 0.0% |
Summary: The 08260 real estate market had 69 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 15 | +36.4% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 08260 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08260, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 08260 in October 2024, down by 37.5% month-over-month. Of the 10 sold homes, 30% were sold under asking, 50% were sold at asking, and 20% were sold over asking.
Days on Market for 08260, NJ
How long does it take to sell a home in 08260, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 19 Days | -54.0% |
Summary: Homes in 08260 had an average of 19 days on market in Oct 2024, down by 54% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08260 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in 08260; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% 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.