$5,926 Closing Credit*
$499,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is 08826, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 08826 was a Seller's Market.
Key Takeaway
08826 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 08826, NJ
How much do homes in 08826, NJ cost?
Median Sold Price
$420,611
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$78,111(+22.8%)
Key Takeaway
Homes in 08826 have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in 08826 was $420,611 in October 2024, up 22.8% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $220K | +25.7% |
| 2 Bedrooms | $240K | $245K | +2.1% |
| 3 Bedrooms | $510K | $590K | +15.7% |
| 4 Bedrooms | $650K | $805K | +23.8% |
| 5+ Bedrooms | $739.5K | $740K | 0.1% |
Summary: 08826 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Zip Codes
| 08826 | $342.5K | $420.6K | +22.8% |
| 07830 | $637.5K | $775K | +21.6% |
| 08829 | $320K | $352.5K | +10.2% |
| 08809 | $450K | $337.5K | -25.0% |
Housing Supply in 08826, NJ
How many homes are available in 08826, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The 08826 real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 08826 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08826, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 08826 in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for 08826, NJ
We’re sorry, we don't have information for this market at the moment
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