$3,563 Closing Credit*
$300,000
1,158 SqFt
3 Beds
•1 Full Bath
Tracy Gallo, Listing Office: Exit Homestead Realty Professionals
Is 08332, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 08332 was a Seller's Market.
Key Takeaway
08332 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 08332, NJ
How much do homes in 08332, NJ cost?
Median Sold Price
$228,966
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,766(+11.6%)
Key Takeaway
Homes in 08332 have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in 08332 was $228,966 in October 2024, up 11.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $125K | -7.4% |
| 2 Bedrooms | $163K | $175K | +7.4% |
| 3 Bedrooms | $220K | $239K | +8.6% |
| 4 Bedrooms | $230K | $275K | +19.6% |
| 5+ Bedrooms | $260K | $258K | -0.8% |
Summary: 08332 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Zip Codes
| 08332 | $205.2K | $228.9K | +11.6% |
| 08361 | $320.7K | $340K | +6.0% |
Housing Supply in 08332, NJ
How many homes are available in 08332, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 156 | 175 | +12.2% |
Summary: The 08332 real estate market had 175 homes for sale in October 2024, a 12.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 26 | 22 | -15.4% |
| 3 Bedrooms | 93 | 107 | +15.1% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The 08332 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08332, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in 08332 in October 2024, the same as the previous month. Of the 29 sold homes, 28% were sold under asking, 24% were sold at asking, and 48% were sold over asking.
Days on Market for 08332, NJ
How long does it take to sell a home in 08332, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 45 Days | +51.5% |
Summary: Homes in 08332 had an average of 45 days on market in Oct 2024, up by 51.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08332 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in 08332; 59% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.