$1,068 Closing Credit*
$89,900
1 Bed
•1 Full Bath
Megan Elizabeth Carpenter
Is 08312, 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, 08312 has remained a Seller's Market.
Key Takeaway
08312 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08312, NJ
How much do homes in 08312, NJ cost?
Median Sold Price
$306,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,000(+17.7%)
Key Takeaway
Homes in 08312 have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in 08312 was $306,000 in October 2024, up 17.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.5K | $172.5K | +13.1% |
| 2 Bedrooms | $231K | $252.5K | +9.3% |
| 3 Bedrooms | $245K | $287.8K | +17.5% |
| 4 Bedrooms | $314K | $385K | +22.6% |
| 5+ Bedrooms | $257.5K | $358.5K | +39.2% |
Summary: 08312 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 39.2%.
Housing Supply in 08312, NJ
How many homes are available in 08312, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The 08312 real estate market had 33 homes for sale in October 2024, a 17.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 08312 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 remained the same, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08312, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 08312 in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 0% were sold under asking, 38% were sold at asking, and 63% were sold over asking.
Days on Market for 08312, NJ
How long does it take to sell a home in 08312, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 110 Days | +512.5% |
Summary: Homes in 08312 had an average of 110 days on market in Oct 2024, up by 512.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08312 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 08312; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
