$10,000 Closing Credit*
$1,079,000
5,254 SqFt
4 Beds
•3 Full Baths, 2 Partial
Rosemarie Jenkins, Listing Office: Vylla Home
Is 08534, 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, 08534 has remained a Seller's Market.
Key Takeaway
08534 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08534, NJ
How much do homes in 08534, NJ cost?
Median Sold Price
$609,500
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+1.2%)
Key Takeaway
Homes in 08534 have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in 08534 was $609,500 in October 2024, up 1.2% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174K | $840K | +382.8% |
| 2 Bedrooms | $395K | $420K | +6.3% |
| 3 Bedrooms | $500K | $559.4K | +11.9% |
| 4 Bedrooms | $775K | $820K | +5.8% |
| 5+ Bedrooms | $1.0M | $997.5K | -4.6% |
Summary: 08534 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 382.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 4.6%.
Housing Supply in 08534, NJ
How many homes are available in 08534, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 63 | +1.6% |
Summary: The 08534 real estate market had 63 homes for sale in October 2024, a 1.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 08534 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08534, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 08534 in October 2024, down by 14.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 08534, NJ
How long does it take to sell a home in 08534, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 30 Days | +117.4% |
Summary: Homes in 08534 had an average of 30 days on market in Oct 2024, up by 117.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08534 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 08534; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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