Is 08530, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08530 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 08530 has remained a Seller's Market.

Key Takeaway

08530 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 08530, NJ

How much do homes in 08530, NJ cost?

Median Sold Price

$564,900

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$25,100(-4.3%)

Key Takeaway

Homes in 08530 have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in 08530 was $564,900 in December 2024, down 4.3% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $626.2K$335K
-46.5%
2 $415K$477.5K
+15.1%
3 $535K$560K
+4.7%
4 $745K$675K
-9.4%
5+ $1.0M$934.5K
-11.4%

Summary: 08530 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.5%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Zip Codes

08560
+22.7%
08559
+21.8%
08551
+16.6%
08530
-4.3%

Housing Supply in 08530, NJ

How many homes are available in 08530, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6146-24.6%

Summary: The 08530 real estate market had 46 homes for sale in December 2024, a 24.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 1011
+10.0%
3 2821
-25.0%
4 1710
-41.2%
5+ 54
-20.0%

Summary: The 08530 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1611-31.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 08530, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 08530 in December 2024, down by 31.3% month-over-month. Of the 11 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% 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

Dec 2023Dec 2024CHANGE
17 Days107 Days+524.6%

Summary: Homes in 08530 had an average of 107 days on market in Dec 2024, up by 524.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 08530 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 11 homes were sold in 08530; 18% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

Newest Listings in 08530, NJ

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