$10,000 Closing Credit*
$2,500,000
5 Beds
•3 Full Baths, 1 Partial
Matthew Amato, Listing Office: Shire Realty Inc
Is 08750, 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, 08750 was a Neutral Market.
Key Takeaway
08750 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08750, NJ
How much do homes in 08750, NJ cost?
Median Sold Price
$1,982,000
$755/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$169,500(+9.4%)
Key Takeaway
Homes in 08750 have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in 08750 was $1,982,000 in October 2024, up 9.4% from last year, and the median price per square foot was $755.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $887K | $715K | -19.4% |
| 3 Bedrooms | $862K | $1.1M | +30.5% |
| 4 Bedrooms | $2.3M | $1.8M | -21.1% |
| 5+ Bedrooms | $3.1M | $3.5M | +12.9% |
Summary: 08750 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 decreased by 19.4%, 3 bedroom homes increased by 30.5%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in 08750, NJ
How many homes are available in 08750, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The 08750 real estate market had 18 homes for sale in October 2024, a 5.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 08750 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 increased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
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 08750, 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 08750 in October 2024, up by 100.0% 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 08750, NJ
How long does it take to sell a home in 08750, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 40 Days | +201.2% |
Summary: Homes in 08750 had an average of 40 days on market in Oct 2024, up by 201.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08750 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in 08750; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.