$10,000 Closing Credit*
$849,900
3,182 SqFt
3 Beds
•3 Full Baths
Kashmiri Delory, Listing Office: Realty Mark Central, LLC
Is 08550, 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, 08550 has remained a Seller's Market.
Key Takeaway
08550 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08550, NJ
How much do homes in 08550, NJ cost?
Median Sold Price
$992,500
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$122,500(+14.1%)
Key Takeaway
Homes in 08550 have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in 08550 was $992,500 in November 2024, up 14.1% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $560K | N/A |
| 2 Bedrooms | $515.2K | $559.9K | +8.7% |
| 3 Bedrooms | $650K | $705K | +8.5% |
| 4 Bedrooms | $950K | $1.0M | +8.1% |
| 5+ Bedrooms | $1.0M | $1.3M | +26.9% |
Summary: 08550 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 26.9%.
Housing Supply in 08550, NJ
How many homes are available in 08550, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 40 | -25.9% |
Summary: The 08550 real estate market had 40 homes for sale in November 2024, a 25.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 23 | 16 | -30.4% |
| 5+ Bedrooms | 13 | 8 | -38.5% |
Summary: The 08550 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 16.7%, 4 bedroom homes decreased by 30.4%, and 5+ bedroom homes decreased by 38.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08550, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 08550 in November 2024, the same as the previous month. Of the 11 sold homes, 0% were sold under asking, 9% were sold at asking, and 91% were sold over asking.
Days on Market for 08550, NJ
How long does it take to sell a home in 08550, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 39 Days | +215.1% |
Summary: Homes in 08550 had an average of 39 days on market in Nov 2024, up by 215.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08550 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 08550; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.