$1,899 Closing Credit*
$159,900
816 SqFt
2 Beds
•1 Full Bath, 1 Partial
Christopher E Bell, Listing Office: Weichert Realtors - Princeton
Is 08554, 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, 08554 has remained a Seller's Market.
Key Takeaway
08554 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08554, NJ
How much do homes in 08554, NJ cost?
Median Sold Price
$288,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,000(+20.0%)
Key Takeaway
Homes in 08554 have sold for 20% more than they did a year ago.
Summary: The median home sold price in 08554 was $288,000 in October 2024, up 20% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $340K | N/A |
| 2 Bedrooms | $199K | $245K | +23.1% |
| 3 Bedrooms | $235K | $264.5K | +12.6% |
| 4 Bedrooms | $514.9K | $394.5K | -23.4% |
| 5+ Bedrooms | $319.4K | - | N/A |
Summary: 08554 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes did not change.
Housing Supply in 08554, NJ
How many homes are available in 08554, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Summary: The 08554 real estate market had 16 homes for sale in October 2024, a 15.8% decrease 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 08554 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 increased by 100%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08554, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 08554 in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 08554, NJ
How long does it take to sell a home in 08554, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 30 Days | +69.9% |
Summary: Homes in 08554 had an average of 30 days on market in Oct 2024, up by 69.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08554 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 08554; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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