Is 08260, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08260 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 08260 has remained a Neutral 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

$489/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$102,500(+23.3%)

Key Takeaway

Homes in 08260 have sold for 23.3% more than they did a year ago.

Summary: The median home sold price in 08260 was $542,500 in November 2024, up 23.3% from last year, and the median price per square foot was $489.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $280K$275K
-1.8%
2 $350K$370.7K
+5.9%
3 $525K$573K
+9.1%
4 $602K$744.9K
+23.7%
5+ $896K$1.2M
+42.3%

Summary: 08260 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 42.3%.

Median Sold Price Compared To Nearby Zip Codes

08260
+23.3%
08210
+5.4%

Housing Supply in 08260, NJ

How many homes are available in 08260, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6866-2.9%

Summary: The 08260 real estate market had 66 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1717
0.0%
2 1316
+23.1%
3 1714
-17.6%
4 1311
-15.4%
5+ 88
0.0%

Summary: The 08260 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 23.1%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 08260, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 08260 in November 2024, down by 9.1% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% 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

Nov 2023Nov 2024CHANGE
50 Days53 Days+5.6%

Summary: Homes in 08260 had an average of 53 days on market in Nov 2024, up by 5.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 08260 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 10 homes were sold in 08260; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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 08260, NJ

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