$9,488 Closing Credit*
$799,000
1,620 SqFt
3 Beds
•2 Full Baths, 1 Partial
Erin Beth McManus-Keyes, Listing Office: Corcoran Sawyer Smith
Is 08530, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 08530 has remained a Buyer's Market.
Key Takeaway
08530 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08530, NJ
How much do homes in 08530, NJ cost?
Median Sold Price
$550,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,000(-3.5%)
Key Takeaway
Homes in 08530 have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in 08530 was $550,000 in October 2024, down 3.5% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $626.2K | $307.5K | -50.9% |
| 2 Bedrooms | $405K | $479.4K | +18.4% |
| 3 Bedrooms | $541.5K | $540K | -0.3% |
| 4 Bedrooms | $722.5K | $750K | +3.8% |
| 5+ Bedrooms | $910K | $949.9K | +4.4% |
Summary: 08530 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.9%, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in 08530, NJ
How many homes are available in 08530, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 63 | +14.5% |
Summary: The 08530 real estate market had 63 homes for sale in October 2024, a 14.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 08530 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
3 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 08530, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 08530 in October 2024, down by 66.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 08530, NJ
How long does it take to sell a home in 08530, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 17 Days | -68.5% |
Summary: Homes in 08530 had an average of 17 days on market in Oct 2024, down by 68.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08530 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 08530; 75% 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.
