$3,192 Closing Credit*
$268,800
1,666 SqFt
4 Beds
•2 Full Baths
Jose Perez-Cruz, Listing Office: Collini Real Estate LLC
Is 08360, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 08360 has remained a Seller's Market.
Key Takeaway
08360 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08360, NJ
How much do homes in 08360, NJ cost?
Median Sold Price
$265,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,950(+8.6%)
Key Takeaway
Homes in 08360 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 08360 was $265,000 in November 2024, up 8.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.5K | $180K | +19.6% |
| 2 Bedrooms | $192K | $215K | +12.0% |
| 3 Bedrooms | $247.5K | $275K | +11.1% |
| 4 Bedrooms | $300K | $335K | +11.7% |
| 5+ Bedrooms | $292.5K | $265K | -9.4% |
Summary: 08360 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in 08360, NJ
How many homes are available in 08360, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 111 | 107 | -3.6% |
Summary: The 08360 real estate market had 107 homes for sale in November 2024, a 3.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 57 | 59 | +3.5% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 08360 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08360, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 08360 in November 2024, up by 18.2% month-over-month. Of the 26 sold homes, 42% were sold under asking, 12% were sold at asking, and 46% were sold over asking.
Days on Market for 08360, NJ
How long does it take to sell a home in 08360, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 40 Days | -19.8% |
Summary: Homes in 08360 had an average of 40 days on market in Nov 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08360 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in 08360; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% 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.