$6,839 Closing Credit*
$575,900
5 Beds
•2 Full Baths
Listing Office: PRESTIGE EXECUTIVE PROPERTIES
Is 08805, 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, 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
$479,900
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,900(+11.1%)
Key Takeaway
Homes in 08805 have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in 08805 was $479,900 in October 2024, up 11.1% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $360K | +16.1% |
| 3 Bedrooms | $420K | $460K | +9.5% |
| 4 Bedrooms | $485K | $581K | +19.8% |
| 5+ Bedrooms | $537.5K | $750K | +39.5% |
Summary: 08805 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 16.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 39.5%.
Housing Supply in 08805, NJ
How many homes are available in 08805, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 23 | +53.3% |
Summary: The 08805 real estate market had 23 homes for sale in October 2024, a 53.3% increase 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 | 3 | +50.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 08805 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 increased by 50%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 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 4 homes were sold or pending in 08805 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 08805, NJ
We’re sorry, we don't have information for this market at the moment
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