$10,000 Closing Credit*
$899,000
4 Beds
•2 Baths
Listing Office: KELLER WILLIAMS REAL ESTATE
Is 08809, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$322,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$133,000(-29.2%)
Key Takeaway
Homes in 08809 have sold for 29.2% less than they did a year ago.
Summary: The median home sold price in 08809 was $322,000 in November 2024, down 29.2% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $255K | +13.3% |
| 2 Bedrooms | $302K | $330K | +9.3% |
| 3 Bedrooms | $470K | $493K | +4.9% |
| 4 Bedrooms | $599K | $745K | +24.4% |
| 5+ Bedrooms | $867.5K | $893.5K | +3.0% |
Summary: 08809 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Zip Codes
| 08801 | $420K | $503.4K | +19.9% |
| 08827 | $520K | $615K | +18.3% |
| 08829 | $327.5K | $375K | +14.5% |
| 08867 | $751K | $845K | +12.5% |
| 08809 | $455K | $322K | -29.2% |
Housing Supply in 08809, NJ
How many homes are available in 08809, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The 08809 real estate market had 21 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08809 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08809, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 08809 in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for 08809, NJ
How long does it take to sell a home in 08809, NJ?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08809 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 08809; 33% 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.
