$5,344 Closing Credit*
$450,000
2 Beds
•2 Full Baths, 1 Partial
Listing Office: REALTY ONE GROUP CENTRAL
Is 08823, 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, 08823 has remained a Seller's Market.
Key Takeaway
08823 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08823, NJ
How much do homes in 08823, NJ cost?
Median Sold Price
$380,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+3.8%)
Key Takeaway
Homes in 08823 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 08823 was $380,000 in November 2024, up 3.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $202K | +18.8% |
| 2 Bedrooms | $325K | $365K | +12.3% |
| 3 Bedrooms | $485K | $480.5K | -0.9% |
| 4 Bedrooms | $710K | $751K | +5.8% |
| 5+ Bedrooms | $980K | $1.0M | +2.4% |
Summary: 08823 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 12.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2.4%.
Housing Supply in 08823, NJ
How many homes are available in 08823, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The 08823 real estate market had 34 homes for sale in November 2024, a 9.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 08823 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08823, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 08823 in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for 08823, NJ
How long does it take to sell a home in 08823, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 11 Days | -44.3% |
Summary: Homes in 08823 had an average of 11 days on market in Nov 2024, down by 44.3% compared to last year.
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 08823 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 08823; 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.
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