$5,105 Closing Credit*
$429,900
4 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is 08805, 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, 08805 has remained a Seller's Market.
Key Takeaway
08805 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08805, NJ
How much do homes in 08805, NJ cost?
Median Sold Price
$510,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$85,000(+20.0%)
Key Takeaway
Homes in 08805 have sold for 20% more than they did a year ago.
Summary: The median home sold price in 08805 was $510,000 in December 2024, up 20% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $313K | $355K | +13.4% |
| 3 Bedrooms | $420K | $465K | +10.7% |
| 4 Bedrooms | $499K | $607K | +21.6% |
| 5+ Bedrooms | $525K | $750K | +42.9% |
Summary: 08805 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 42.9%.
Housing Supply in 08805, NJ
How many homes are available in 08805, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The 08805 real estate market had 17 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 08805 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 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08805, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 08805 in December 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 08805, NJ
How long does it take to sell a home in 08805, NJ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 5 Days | 22 Days | +300.0% |
Summary: Homes in 08805 had an average of 22 days on market in Dec 2024, up by 300% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08805 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in 08805; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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