$5,522 Closing Credit*
$465,000
2 Beds
•1 Full Bath
Listing Office: COLDWELL BANKER REALTY
Is 08559, 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, 08559 was a Seller's Market.
Key Takeaway
08559 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08559, NJ
How much do homes in 08559, NJ cost?
Median Sold Price
$692,400
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$148,900(+27.4%)
Key Takeaway
Homes in 08559 have sold for 27.4% more than they did a year ago.
Summary: The median home sold price in 08559 was $692,400 in November 2024, up 27.4% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | $1.6M | +189.7% |
| 2 Bedrooms | $382K | $402.5K | +5.4% |
| 3 Bedrooms | $477.5K | $708.7K | +48.4% |
| 4 Bedrooms | $645K | $650K | +0.8% |
| 5+ Bedrooms | - | $1.5M | N/A |
Summary: 08559 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 189.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes did not change.
Housing Supply in 08559, NJ
How many homes are available in 08559, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The 08559 real estate market had 31 homes for sale in November 2024, a 10.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 08559 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
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 08559, 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 08559 in November 2024, the same as the previous 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 08559, NJ
How long does it take to sell a home in 08559, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 99 Days | 14 Days | -85.9% |
Summary: Homes in 08559 had an average of 14 days on market in Nov 2024, down by 85.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08559 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 08559; 33% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.