Is 08270, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08270 is a buyer's market

Buyer's
Market

Difference Since December 2023

Since last year, 08270 has remained a Buyer's Market.

Key Takeaway

08270 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 08270, NJ

How much do homes in 08270, NJ cost?

Median Sold Price

$388,750

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$58,750(+17.8%)

Key Takeaway

Homes in 08270 have sold for 17.8% more than they did a year ago.

Summary: The median home sold price in 08270 was $388,750 in December 2024, up 17.8% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$225K
N/A
2 -$205K
N/A
3 $329K$430K
+30.7%
4 $330K$719.9K
+118.2%
5+ -$402.5K
N/A

Summary: 08270 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 30.7%, 4 bedroom homes increased by 118.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

08319
+65.8%
08270
+17.8%

Housing Supply in 08270, NJ

How many homes are available in 08270, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
19190.0%

Summary: The 08270 real estate market had 19 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 98
-11.1%
4 88
0.0%
5+ 22
0.0%

Summary: The 08270 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 08270, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 08270 in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 08270, NJ

How long does it take to sell a home in 08270, NJ?

Average Sale Time

Dec 2023Dec 2024CHANGE
70 Days10 Days-85.7%

Summary: Homes in 08270 had an average of 10 days on market in Dec 2024, down by 85.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 08270 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in 08270; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 08270, NJ

Nearby Markets to 08270, NJ