$3,919 Closing Credit*
$330,000
1,631 SqFt
2 Beds
•2 Full Baths
Wen Yuan Zuo, Listing Office: BHHS Fox & Roach - Princeton
Is 08628, 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, 08628 has remained a Seller's Market.
Key Takeaway
08628 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08628, NJ
How much do homes in 08628, NJ cost?
Median Sold Price
$376,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,500(+12.1%)
Key Takeaway
Homes in 08628 have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in 08628 was $376,500 in November 2024, up 12.1% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $102.8K | N/A |
| 2 Bedrooms | $263.7K | $300K | +13.8% |
| 3 Bedrooms | $382.5K | $392K | +2.5% |
| 4 Bedrooms | $441.2K | $542.5K | +22.9% |
| 5+ Bedrooms | $475K | $459.9K | -3.2% |
Summary: 08628 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 13.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 08628, NJ
How many homes are available in 08628, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 39 | +44.4% |
Summary: The 08628 real estate market had 39 homes for sale in November 2024, a 44.4% increase 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 | 8 | 11 | +37.5% |
| 3 Bedrooms | 11 | 17 | +54.5% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 08628 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 increased by 37.5%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
4 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 08628, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 08628 in November 2024, up by 133.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for 08628, NJ
How long does it take to sell a home in 08628, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 31 Days | +79.2% |
Summary: Homes in 08628 had an average of 31 days on market in Nov 2024, up by 79.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08628 has remained consistent over time.
Summary: During November 2024, 7 homes were sold in 08628; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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