Is 08326, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08326 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 08326 has remained a Seller's Market.

Key Takeaway

08326 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 08326, NJ

How much do homes in 08326, NJ cost?

Median Sold Price

$285,000

$212/sqft

Based on all homes sold in October 2024.

The Median Sold Price hasn't changed since September 2024.

Key Takeaway

The sold price of homes in 08326 has remained the same since last month.

Summary: The median home sold price in 08326 was $285,000 in October 2024, the same as last month, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $305K-
N/A
3 $285K$285K
0.0%
4 --
N/A
5+ $190K-
N/A

Summary: 08326 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 08326, NJ

How many homes are available in 08326, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
125-58.3%

Summary: The 08326 real estate market had 5 homes for sale in October 2024, a 58.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 95
-44.4%
4 00
0.0%
5+ 10
-100.0%

Summary: The 08326 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 decreased by 100%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
61-83.3%

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 08326, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 08326 in October 2024, down by 83.3% month-over-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 08326, NJ

How long does it take to sell a home in 08326, NJ?

Average Sale Time

Sep 2024Oct 2024CHANGE
68 Days11 Days-84.0%

Summary: Homes in 08326 had an average of 11 days on market in Oct 2024, down by 84% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 08326 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 08326; 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 15 Days Ago

Newest Listings in 08326, NJ

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