$3,266 Closing Credit*
$275,000
1,400 SqFt
4 Beds
•1 Full Bath
Jose R Rodriguez, Listing Office: Garcia Realtors
Is 08629, 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, 08629 was a Seller's Market.
Key Takeaway
08629 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08629, NJ
How much do homes in 08629, NJ cost?
Median Sold Price
$239,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$850(+0.4%)
Key Takeaway
The sold price of homes in 08629 has remained the same since last year.
Summary: The median home sold price in 08629 was $239,000 in November 2024, up 0.4% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $259K | $220K | -15.1% |
| 3 Bedrooms | $229.7K | $232K | +1.0% |
| 4 Bedrooms | $247.5K | $271.5K | +9.7% |
| 5+ Bedrooms | $258.9K | - | N/A |
Summary: 08629 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 15.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 9.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The 08629 real estate market had 30 homes for sale in November 2024, a 7.1% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08629 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 20%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08629, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 08629 in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +42.5% |
Summary: Homes in 08629 had an average of 28 days on market in Nov 2024, up by 42.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08629 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 08629; 50% 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.
