$5,926 Closing Credit*
$499,000
2,335 SqFt
3 Beds
•2 Full Baths
Listing Office: BHHS FOX and ROACH-West Ave OC
Is 08270, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 08270 has remained a Neutral Market.
Key Takeaway
08270 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 08270, NJ
How much do homes in 08270, NJ cost?
Median Sold Price
$351,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,000(+7.3%)
Key Takeaway
Homes in 08270 have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in 08270 was $351,500 in October 2024, up 7.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $225K | N/A |
| 2 Bedrooms | - | $205K | N/A |
| 3 Bedrooms | $275K | $375K | +36.4% |
| 4 Bedrooms | $330K | $584.9K | +77.3% |
| 5+ Bedrooms | - | $402.5K | N/A |
Summary: 08270 housing prices by bedroom type for October 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 36.4%, 4 bedroom homes increased by 77.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 08270 | $327.5K | $351.5K | +7.3% |
| 08230 | $500K | $530K | +6.0% |
Housing Supply in 08270, NJ
How many homes are available in 08270, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The 08270 real estate market had 20 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 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 08270 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08270, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in 08270 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 158 Days | 24 Days | -84.6% |
Summary: Homes in 08270 had an average of 24 days on market in Oct 2024, down by 84.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08270 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 08270; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.