Housing Prices in 08403, NJ

How much do homes in 08403, NJ cost?

Median List Price

$1,499,500

$795/sqft

Based on all homes listed in the last 12 months.

Difference Since December 2023

+$150,500(+11.2%)

Key Takeaway

The list price of homes in 08403 has increased by 11.2% since last year.

Summary: The median home list price in 08403 was $1,499,500 in December 2024, up 11.2% from the previous year, and the median price per square foot was $795.

Median List Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $467K$474K
+1.5%
2 $874.5K$995K
+13.8%
3 $974K$1.5M
+58.9%
4 $1.5M$1.8M
+22.5%
5+ $2.9M$3.6M
+24.4%

Summary: 08403 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 58.9%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 24.4%.

Median List Price Compared To Nearby Zip Codes

08402
+50.6%
08225
+30.8%
08221
+12.7%
08403
+11.2%
08244
+5.9%

Housing Supply in 08403, NJ

How many homes are available in 08403, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2018-10.0%

Summary: The 08403 real estate market had 18 homes for sale in December 2024, a 10.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 21
-50.0%
3 53
-40.0%
4 23
+50.0%
5+ 99
0.0%

Summary: The 08403 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Days on Market for 08403, NJ

How long does it take to sell a home in 08403, NJ?

Average Listing Age

Dec 2023Dec 2024CHANGE
207 Days109 Days-46.9%

Summary: Homes in 08403 had an average listing age of 109 days in Dec 2024, down by 46.9% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in 08403, NJ

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