$5,936 Closing Credit*
$499,900
2,004 SqFt
4 Beds
•3 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is 08824, 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, 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
$700,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+16.7%)
Key Takeaway
Homes in 08824 have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in 08824 was $700,000 in November 2024, up 16.7% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228.2K | - | N/A |
| 2 Bedrooms | $460K | $577.5K | +25.5% |
| 3 Bedrooms | $462.5K | $560K | +21.1% |
| 4 Bedrooms | $697.5K | $750K | +7.5% |
| 5+ Bedrooms | $765K | $900K | +17.6% |
Summary: 08824 housing prices by bedroom type for November 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 21.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 17.6%.
Housing Supply in 08824, NJ
How many homes are available in 08824, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Summary: The 08824 real estate market had 31 homes for sale in November 2024, a 13.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 08824 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 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 08824, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 08824 in November 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 47 Days | +84.9% |
Summary: Homes in 08824 had an average of 47 days on market in Nov 2024, up by 84.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 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 November 2024, 6 homes were sold in 08824; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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