Is 08536, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 08536 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 08536 has remained a Seller's Market.

Key Takeaway

08536 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 08536, NJ

How much do homes in 08536, NJ cost?

Median Sold Price

$635,000

$355/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$80,000(+14.4%)

Key Takeaway

Homes in 08536 have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in 08536 was $635,000 in October 2024, up 14.4% from last year, and the median price per square foot was $355.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K$265K
+17.8%
2 $330K$383.5K
+16.2%
3 $625K$635K
+1.6%
4 $860K$944K
+9.8%
5+ $1.3M$1.1M
-13.5%

Summary: 08536 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 13.5%.

Median Sold Price Compared To Nearby Zip Codes

08550
+15.6%
08536
+14.4%
08540
+12.2%
08852
+11.5%
08512
+5.0%

Housing Supply in 08536, NJ

How many homes are available in 08536, NJ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6847-30.9%

Summary: The 08536 real estate market had 47 homes for sale in October 2024, a 30.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 51
-80.0%
2 1513
-13.3%
3 2315
-34.8%
4 2116
-23.8%
5+ 42
-50.0%

Summary: The 08536 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3114-54.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 08536, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 08536 in October 2024, down by 54.8% month-over-month. Of the 14 sold homes, 21% were sold under asking, 7% were sold at asking, and 71% were sold over asking.

Days on Market for 08536, NJ

How long does it take to sell a home in 08536, NJ?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days38 Days+6.7%

Summary: Homes in 08536 had an average of 38 days on market in Oct 2024, up by 6.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 08536 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 08536; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 4 Days Ago

Newest Listings in 08536, NJ

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