$3,563 Closing Credit*
$300,000
1,120 SqFt
2 Beds
•1 Full Bath, 1 Partial
Steven Caputi, Listing Office: VRI Homes
Is 08724, 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, 08724 has remained a Seller's Market.
Key Takeaway
08724 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08724, NJ
How much do homes in 08724, NJ cost?
Median Sold Price
$448,466
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,683(+17.2%)
Key Takeaway
Homes in 08724 have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in 08724 was $448,466 in October 2024, up 17.2% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217K | $263.5K | +21.4% |
| 2 Bedrooms | $290K | $325K | +12.1% |
| 3 Bedrooms | $450K | $487.9K | +8.4% |
| 4 Bedrooms | $582.5K | $627K | +7.6% |
| 5+ Bedrooms | $659.9K | $795K | +20.5% |
Summary: 08724 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in 08724, NJ
How many homes are available in 08724, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 208 | 191 | -8.2% |
Summary: The 08724 real estate market had 191 homes for sale in October 2024, a 8.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 84 | 81 | -3.6% |
| 3 Bedrooms | 55 | 47 | -14.5% |
| 4 Bedrooms | 46 | 39 | -15.2% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The 08724 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 49 | -16.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08724, you may be able to get a good deal. 49% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in 08724 in October 2024, down by 16.9% month-over-month. Of the 49 sold homes, 49% were sold under asking, 20% were sold at asking, and 31% were sold over asking.
Days on Market for 08724, NJ
How long does it take to sell a home in 08724, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +19.3% |
Summary: Homes in 08724 had an average of 26 days on market in Oct 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08724 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 49 homes were sold in 08724; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 2% 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 © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.