$6,484 Closing Credit*
$546,000
1,496 SqFt
3 Beds
•1 Full Bath, 1 Partial
Eric P Branton, Listing Office: Weichert Realtors - Princeton
Is 08824, 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, 08824 has remained a Seller's Market.
Key Takeaway
08824 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08824, NJ
How much do homes in 08824, NJ cost?
Median Sold Price
$683,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$83,000(+13.8%)
Key Takeaway
Homes in 08824 have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in 08824 was $683,000 in October 2024, up 13.8% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228.2K | - | N/A |
| 2 Bedrooms | $460K | $577.5K | +25.5% |
| 3 Bedrooms | $462.5K | $559K | +20.9% |
| 4 Bedrooms | $695K | $750K | +7.9% |
| 5+ Bedrooms | $790K | $885K | +12.0% |
Summary: 08824 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 25.5%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 12%.
Housing Supply in 08824, NJ
How many homes are available in 08824, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 39 | +2.6% |
Summary: The 08824 real estate market had 39 homes for sale in October 2024, a 2.6% 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 | 12 | 11 | -8.3% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 08824 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 decreased by 8.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08824, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 08824 in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for 08824, NJ
How long does it take to sell a home in 08824, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 35 Days | +8.5% |
Summary: Homes in 08824 had an average of 35 days on market in Oct 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08824 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 08824; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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