$3,562 Closing Credit*
$299,990
1,480 SqFt
3 Beds
•1 Full Bath
Reimond D. Caceres, Listing Office: NJ Elite Group LLC
Is 08629, 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, 08629 has remained a Seller's Market.
Key Takeaway
08629 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08629, NJ
How much do homes in 08629, NJ cost?
Median Sold Price
$237,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,850(+0.8%)
Key Takeaway
Homes in 08629 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 08629 was $237,000 in October 2024, up 0.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $259K | $220K | -15.1% |
| 3 Bedrooms | $225K | $225K | 0.0% |
| 4 Bedrooms | $247.5K | $261.5K | +5.7% |
| 5+ Bedrooms | $258.9K | - | N/A |
Summary: 08629 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 decreased by 15.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.
Housing Supply in 08629, NJ
How many homes are available in 08629, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The 08629 real estate market had 27 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08629 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 66.7%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08629, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 08629 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for 08629, NJ
How long does it take to sell a home in 08629, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 42 Days | -0.9% |
Summary: Homes in 08629 had an average of 42 days on market in Oct 2024, down by 0.9% 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 08629 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 08629; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
