$9,963 Closing Credit*
$839,000
2,490 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jeffrey Weber, Listing Office: RE/MAX Tri County
Is 08558, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 08558 was a Seller's Market.
Key Takeaway
08558 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08558, NJ
How much do homes in 08558, NJ cost?
Median Sold Price
$996,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,000(+2.7%)
Key Takeaway
Homes in 08558 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 08558 was $996,000 in November 2024, up 2.7% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $625K | $520K | -16.8% |
| 3 Bedrooms | $617K | $772K | +25.1% |
| 4 Bedrooms | $1.0M | $1.0M | +1.7% |
| 5+ Bedrooms | $1.1M | $1.5M | +34.2% |
Summary: 08558 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 decreased by 16.8%, 3 bedroom homes increased by 25.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 34.2%.
Housing Supply in 08558, NJ
How many homes are available in 08558, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Summary: The 08558 real estate market had 29 homes for sale in November 2024, a 9.4% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 08558 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 50%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08558, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 08558 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 08558, NJ
How long does it take to sell a home in 08558, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 10 Days | +31.3% |
Summary: Homes in 08558 had an average of 10 days on market in Nov 2024, up by 31.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08558 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 08558; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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