$8,875,000
4,164 SqFt
5 Beds
•3 Full Baths, 2 Partial
Diane Cornell, Listing Office: Keller Williams Realty Ocean Living
Is 08738, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 08738 was a Buyer's Market.
Key Takeaway
08738 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08738, NJ
How much do homes in 08738, NJ cost?
Median Sold Price
$2,412,500
$934/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$615,000(+34.2%)
Key Takeaway
Homes in 08738 have sold for 34.2% more than they did a month ago.
Summary: The median home sold price in 08738 was $2,412,500 in October 2024, up 34.2% from last month, and the median price per square foot was $934.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $665K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.3M | $950K | -30.7% |
| 4 Bedrooms | $2.2M | $2.6M | +21.6% |
| 5+ Bedrooms | $7.0M | $3.3M | -52.1% |
Summary: 08738 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.7%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 52.1%.
Housing Supply in 08738, NJ
How many homes are available in 08738, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Summary: The 08738 real estate market had 31 homes for sale in October 2024, a 13.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 08738 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 decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08738, 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 08738 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 08738, NJ
How long does it take to sell a home in 08738, NJ?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 65 Days | +43.6% |
Summary: Homes in 08738 had an average of 65 days on market in Oct 2024, up by 43.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08738 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 08738; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.