$2,167 Closing Credit*
$182,500
800 SqFt
2 Beds
•1 Full Bath
David M Sweeney, Listing Office: USRealty.com, LLP
Is 08514, 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, 08514 was a Seller's Market.
Key Takeaway
08514 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08514, NJ
How much do homes in 08514, NJ cost?
Median Sold Price
$722,500
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$160,000(+28.4%)
Key Takeaway
Homes in 08514 have sold for 28.4% more than they did a year ago.
Summary: The median home sold price in 08514 was $722,500 in October 2024, up 28.4% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $65K | +4.0% |
| 2 Bedrooms | $337.5K | $450K | +33.3% |
| 3 Bedrooms | $440K | $515K | +17.0% |
| 4 Bedrooms | $810.5K | $802K | -1.0% |
| 5+ Bedrooms | $850K | $1.1M | +38.2% |
Summary: 08514 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 38.2%.
Housing Supply in 08514, NJ
How many homes are available in 08514, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Summary: The 08514 real estate market had 17 homes for sale in October 2024, a 26.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 08514 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 1 | -85.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08514, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 08514 in October 2024, down by 85.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 08514, NJ
How long does it take to sell a home in 08514, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 11 Days | -6.4% |
Summary: Homes in 08514 had an average of 11 days on market in Oct 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08514 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 08514; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.