$25,000
Land
Michelle Urgo, Listing Office: Coldwell Banker Excel Realty
Is 08332, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 08332 was a Seller's Market.
Key Takeaway
08332 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08332, NJ
How much do homes in 08332, NJ cost?
Median Sold Price
$226,566
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,066(+6.1%)
Key Takeaway
Homes in 08332 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 08332 was $226,566 in November 2024, up 6.1% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $86.2K | -50.7% |
| 2 Bedrooms | $170K | $172.5K | +1.5% |
| 3 Bedrooms | $225K | $239.4K | +6.4% |
| 4 Bedrooms | $240K | $275K | +14.6% |
| 5+ Bedrooms | $270K | $258.2K | -4.4% |
Summary: 08332 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.7%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Zip Codes
| 08361 | $320K | $340K | +6.3% |
| 08332 | $213.5K | $226.5K | +6.1% |
Housing Supply in 08332, NJ
How many homes are available in 08332, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 168 | 165 | -1.8% |
Summary: The 08332 real estate market had 165 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 100 | 96 | -4.0% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 08332 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 21 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08332, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 08332 in November 2024, down by 40.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 19% were sold at asking, and 52% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 51 Days | +26.7% |
Summary: Homes in 08332 had an average of 51 days on market in Nov 2024, up by 26.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 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 November 2024, 21 homes were sold in 08332; 43% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 24% 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.