$4,026 Closing Credit*
$339,000
1,296 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX FIRST REALTY, INC.
Is 08828, 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, 08828 was a Buyer's Market.
Key Takeaway
08828 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08828, NJ
How much do homes in 08828, NJ cost?
Median Sold Price
$348,500
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+9.8%)
Key Takeaway
Homes in 08828 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 08828 was $348,500 in October 2024, up 9.8% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $304.5K | $330K | +8.4% |
| 3 Bedrooms | $470K | $553.5K | +17.8% |
| 4 Bedrooms | $380K | $525K | +38.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: 08828 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 increased by 8.4%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 38.2%, and 5+ bedroom homes did not change.
Housing Supply in 08828, NJ
How many homes are available in 08828, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The 08828 real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 08828 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08828, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 08828 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 08828, NJ
How long does it take to sell a home in 08828, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 42 Days | -34.4% |
Summary: Homes in 08828 had an average of 42 days on market in Oct 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08828 has remained consistent over time.
Summary: During October 2024, 5 homes were sold in 08828; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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