Is 08330, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08330 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 08330 has remained a Seller's Market.

Key Takeaway

08330 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 08330, NJ

How much do homes in 08330, NJ cost?

Median Sold Price

$285,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$41,350(+17.0%)

Key Takeaway

Homes in 08330 have sold for 17% more than they did a year ago.

Summary: The median home sold price in 08330 was $285,000 in November 2024, up 17% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112.2K$149K
+32.7%
2 $205K$225K
+9.8%
3 $297.4K$325.9K
+9.5%
4 $385K$425K
+10.4%
5+ $649.9K$499K
-23.2%

Summary: 08330 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 23.2%.

Median Sold Price Compared To Nearby Zip Codes

08330
+17.0%
08234
+5.0%

Housing Supply in 08330, NJ

How many homes are available in 08330, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
130131+0.8%

Summary: The 08330 real estate market had 131 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 4040
0.0%
3 5859
+1.7%
4 2824
-14.3%
5+ 36
+100.0%

Summary: The 08330 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2425+4.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 08330, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 08330 in November 2024, up by 4.2% month-over-month. Of the 21 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.

Days on Market for 08330, NJ

How long does it take to sell a home in 08330, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days25 Days-3.9%

Summary: Homes in 08330 had an average of 25 days on market in Nov 2024, down by 3.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 08330 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in 08330; 72% of homes were sold within 30 days, 28% 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 17 Days Ago

Newest Listings in 08330, NJ

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