$3,561 Closing Credit*
$299,900
1,175 SqFt
3 Beds
•1 Full Bath
William R Hagan, Listing Office: EXP Realty
Is 08721, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 08721 has remained a Seller's Market.
Key Takeaway
08721 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08721, NJ
How much do homes in 08721, NJ cost?
Median Sold Price
$505,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$40,000(+8.6%)
Key Takeaway
Homes in 08721 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 08721 was $505,000 in December 2024, up 8.6% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | $265K | +17.3% |
| 2 Bedrooms | $340K | $367.5K | +8.1% |
| 3 Bedrooms | $450K | $480K | +6.7% |
| 4 Bedrooms | $600K | $607K | +1.2% |
| 5+ Bedrooms | $600K | $699.5K | +16.6% |
Summary: 08721 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 16.6%.
Median Sold Price Compared To Nearby Zip Codes
| 08741 | $440K | $547.5K | +24.4% |
| 08721 | $465K | $505K | +8.6% |
| 08722 | $405K | $440K | +8.6% |
Housing Supply in 08721, NJ
How many homes are available in 08721, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 79 | 71 | -10.1% |
Summary: The 08721 real estate market had 71 homes for sale in December 2024, a 10.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 38 | 31 | -18.4% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 08721 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08721, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 08721 in December 2024, up by 10.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for 08721, NJ
How long does it take to sell a home in 08721, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 35 Days | 30 Days | -13.4% |
Summary: Homes in 08721 had an average of 30 days on market in Dec 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08721 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 21 homes were sold in 08721; 57% of homes were sold within 30 days, 43% 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 © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.