$8,313 Closing Credit*
$700,000
4 Beds
•3 Full Baths, 1 Partial
Listing Office: RE/MAX SUPREME
Is 08827, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 08827 was a Buyer's Market.
Key Takeaway
08827 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08827, NJ
How much do homes in 08827, NJ cost?
Median Sold Price
$564,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$44,500(+8.6%)
Key Takeaway
Homes in 08827 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 08827 was $564,500 in December 2024, up 8.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $433.2K | $105K | -75.8% |
| 3 Bedrooms | $459K | $365K | -20.5% |
| 4 Bedrooms | $579K | $669.9K | +15.7% |
| 5+ Bedrooms | - | $690K | N/A |
Summary: 08827 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 75.8%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes did not change.
Housing Supply in 08827, NJ
How many homes are available in 08827, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The 08827 real estate market had 24 homes for sale in December 2024, a 4.3% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 08827 housing inventory by bedroom type for December 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 16.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08827, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 08827 in December 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 08827, NJ
How long does it take to sell a home in 08827, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08827 has remained consistent over time.
Summary: During December 2024, 6 homes were sold in 08827; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
