$10,000 Closing Credit*
$975,000
3,216 SqFt
5 Beds
•3 Full Baths, 2 Partial
Susan Thompson, Listing Office: Corcoran Sawyer Smith
Is 08534, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$610,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-1.2%)
Key Takeaway
Homes in 08534 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 08534 was $610,000 in November 2024, down 1.2% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174K | $840K | +382.8% |
| 2 Bedrooms | $390K | $432.5K | +10.9% |
| 3 Bedrooms | $500K | $565K | +13.0% |
| 4 Bedrooms | $775K | $835.5K | +7.8% |
| 5+ Bedrooms | $1.0M | $996K | -9.1% |
Summary: 08534 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 382.8%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 9.1%.
Housing Supply in 08534, NJ
How many homes are available in 08534, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 60 | -7.7% |
Summary: The 08534 real estate market had 60 homes for sale in November 2024, a 7.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 25 | 24 | -4.0% |
| 4 Bedrooms | 20 | 16 | -20.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 08534 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 08534 in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 33 Days | -20.5% |
Summary: Homes in 08534 had an average of 33 days on market in Nov 2024, down by 20.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were 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 November 2024, 11 homes were sold in 08534; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
