$10,000 Closing Credit*
$1,111,000
2,023 SqFt
3 Beds
•2 Full Baths, 1 Partial
Joanne Zapicchi, Listing Office: Ward Wight Sotheby's International Realty
Is 08730, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 08730 was a Buyer's Market.
Key Takeaway
08730 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08730, NJ
How much do homes in 08730, NJ cost?
Median Sold Price
$997,000
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$77,000(+8.4%)
Key Takeaway
Homes in 08730 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 08730 was $997,000 in October 2024, up 8.4% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $649K | - | N/A |
| 2 Bedrooms | $582.5K | $649K | +11.4% |
| 3 Bedrooms | $1.0M | $899K | -15.2% |
| 4 Bedrooms | $1.2M | $1.1M | -8.8% |
| 5+ Bedrooms | $1.3M | $1.8M | +37.4% |
Summary: 08730 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 increased by 11.4%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 37.4%.
Housing Supply in 08730, NJ
How many homes are available in 08730, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Summary: The 08730 real estate market had 20 homes for sale in October 2024, a 16.7% decrease 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The 08730 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08730, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 08730 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 08730, NJ
How long does it take to sell a home in 08730, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 140 Days | 24 Days | -82.6% |
Summary: Homes in 08730 had an average of 24 days on market in Oct 2024, down by 82.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08730 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 08730; 83% of homes were sold within 30 days, 17% 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 © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.