$5,936 Closing Credit*
$499,900
1,629 SqFt
4 Beds
•3 Full Baths
Joshua Weingarten, Listing Office: JHW Realty LLC
Is 08690, 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, 08690 has remained a Seller's Market.
Key Takeaway
08690 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08690, NJ
How much do homes in 08690, NJ cost?
Median Sold Price
$447,500
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,500(+11.9%)
Key Takeaway
Homes in 08690 have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in 08690 was $447,500 in November 2024, up 11.9% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $351K | $370K | +5.4% |
| 3 Bedrooms | $375K | $447K | +19.2% |
| 4 Bedrooms | $485K | $560K | +15.5% |
| 5+ Bedrooms | $618K | $660K | +6.8% |
Summary: 08690 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 5.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 6.8%.
Housing Supply in 08690, NJ
How many homes are available in 08690, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 69 | -10.4% |
Summary: The 08690 real estate market had 69 homes for sale in November 2024, a 10.4% 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 | 22 | 21 | -4.5% |
| 3 Bedrooms | 29 | 21 | -27.6% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 08690 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 4.5%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08690, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in 08690 in November 2024, down by 34.8% month-over-month. Of the 15 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% were sold over asking.
Days on Market for 08690, NJ
How long does it take to sell a home in 08690, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 22 Days | +56.8% |
Summary: Homes in 08690 had an average of 22 days on market in Nov 2024, up by 56.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08690 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in 08690; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.