$4,501 Closing Credit*
$379,000
2 Beds
•2 Full Baths
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 October 2023
At the same time last year, 08827 was a Seller's Market.
Key Takeaway
08827 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08827, NJ
How much do homes in 08827, NJ cost?
Median Sold Price
$625,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$105,000(+20.2%)
Key Takeaway
Homes in 08827 have sold for 20.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $433.2K | $115K | -73.5% |
| 3 Bedrooms | $430K | $365K | -15.1% |
| 4 Bedrooms | $605K | $669.9K | +10.7% |
| 5+ Bedrooms | $465K | $765K | +64.5% |
Summary: 08827 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 decreased by 73.5%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 64.5%.
Housing Supply in 08827, NJ
How many homes are available in 08827, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The 08827 real estate market had 22 homes for sale in October 2024, a 4.8% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 08827 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 25%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08827, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 08827 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 08827, NJ
We’re sorry, we don't have information for this market at the moment
