$4,026 Closing Credit*
$339,000
1 Bed
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is 08809, 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, 08809 has remained a Seller's Market.
Key Takeaway
08809 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08809, NJ
How much do homes in 08809, NJ cost?
Median Sold Price
$337,500
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$112,500(-25.0%)
Key Takeaway
Homes in 08809 have sold for 25% less than they did a year ago.
Summary: The median home sold price in 08809 was $337,500 in October 2024, down 25% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $255K | +14.6% |
| 2 Bedrooms | $298.5K | $332.5K | +11.4% |
| 3 Bedrooms | $471.2K | $483K | +2.5% |
| 4 Bedrooms | $605.6K | $742.5K | +22.6% |
| 5+ Bedrooms | $867.5K | $893.5K | +3.0% |
Summary: 08809 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Zip Codes
| 08827 | $520K | $625K | +20.2% |
| 08867 | $735K | $860K | +17.0% |
| 08829 | $320K | $352.5K | +10.2% |
| 08801 | $438.8K | $465K | +5.9% |
| 08809 | $450K | $337.5K | -25.0% |
Housing Supply in 08809, NJ
How many homes are available in 08809, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The 08809 real estate market had 21 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The 08809 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
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 08809, 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 08809 in October 2024, down by 50.0% 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 08809, NJ
We’re sorry, we don't have information for this market at the moment
