$2,731 Closing Credit*
$230,000
1,140 SqFt
3 Beds
•1 Full Bath
Robert Kelley, Listing Office: BHHS Fox & Roach-Blue Bell
Is 08554, 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, 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
$291,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,050(+16.4%)
Key Takeaway
Homes in 08554 have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in 08554 was $291,000 in November 2024, up 16.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $246.2K | N/A |
| 2 Bedrooms | $204K | $245K | +20.1% |
| 3 Bedrooms | $235K | $269K | +14.5% |
| 4 Bedrooms | $449.9K | $394.5K | -12.3% |
| 5+ Bedrooms | $319.4K | $405K | +26.8% |
Summary: 08554 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 20.1%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 26.8%.
Housing Supply in 08554, NJ
How many homes are available in 08554, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The 08554 real estate market had 14 homes for sale in November 2024, a 12.5% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 08554 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 decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 08554 in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 28 Days | +124.0% |
Summary: Homes in 08554 had an average of 28 days on market in Nov 2024, up by 124% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08554 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 08554; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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