$2,375 Closing Credit*
$200,000
3 Beds
•2 Full Baths
Listing Office: HOWARD HANNA RAND REALTY
Is 08829, 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, 08829 was a Seller's Market.
Key Takeaway
08829 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08829, NJ
How much do homes in 08829, NJ cost?
Median Sold Price
$352,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+10.2%)
Key Takeaway
Homes in 08829 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 08829 was $352,500 in October 2024, up 10.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $200K | +29.0% |
| 2 Bedrooms | $224K | $240K | +7.1% |
| 3 Bedrooms | $320K | $367.5K | +14.8% |
| 4 Bedrooms | $497.5K | $534.9K | +7.5% |
| 5+ Bedrooms | $530.4K | - | N/A |
Summary: 08829 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 08826 | $342.5K | $420.6K | +22.8% |
| 08829 | $320K | $352.5K | +10.2% |
| 08801 | $438.8K | $465K | +5.9% |
| 08809 | $450K | $337.5K | -25.0% |
Housing Supply in 08829, NJ
How many homes are available in 08829, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The 08829 real estate market had 16 homes for sale in October 2024, a 14.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 08829 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08829, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 08829 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 08829, NJ
We’re sorry, we don't have information for this market at the moment
