$6,828 Closing Credit*
$575,000
3 Beds
•2 Full Baths
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 November 2023
Since last year, 08826 has remained a Seller's Market.
Key Takeaway
08826 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08826, NJ
How much do homes in 08826, NJ cost?
Median Sold Price
$441,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$141,000(+47.0%)
Key Takeaway
Homes in 08826 have sold for 47% more than they did a year ago.
Summary: The median home sold price in 08826 was $441,000 in November 2024, up 47% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $220K | +22.2% |
| 2 Bedrooms | $235K | $249K | +6.0% |
| 3 Bedrooms | $511K | $558.5K | +9.3% |
| 4 Bedrooms | $650K | $805K | +23.8% |
| 5+ Bedrooms | $739.5K | $740K | 0.1% |
Summary: 08826 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in 08826, NJ
How many homes are available in 08826, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The 08826 real estate market had 23 homes for sale in November 2024, a 4.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 08826 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were 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. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 08826 in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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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