$2,850 Closing Credit*
$240,000
2 Beds
•1 Full Bath
Listing Office: KELLER WILLIAMS ELITE REALTORS
Is 08830, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 08830 was a Buyer's Market.
Key Takeaway
08830 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08830, NJ
How much do homes in 08830, NJ cost?
Median Sold Price
$499,500
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,500(+11.0%)
Key Takeaway
Homes in 08830 have sold for 11% more than they did a year ago.
Summary: The median home sold price in 08830 was $499,500 in November 2024, up 11% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220.5K | $250K | +13.4% |
| 2 Bedrooms | $317K | $331K | +4.4% |
| 3 Bedrooms | $430K | $500K | +16.3% |
| 4 Bedrooms | $480K | $567.5K | +18.2% |
| 5+ Bedrooms | $630K | $599.5K | -4.8% |
Summary: 08830 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in 08830, NJ
How many homes are available in 08830, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 60 | -1.6% |
Summary: The 08830 real estate market had 60 homes for sale in November 2024, a 1.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 23 | 17 | -26.1% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 08830 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 26.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08830, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 08830 in November 2024, down by 7.7% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 08830, NJ
How long does it take to sell a home in 08830, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 44 Days | +158.5% |
Summary: Homes in 08830 had an average of 44 days on market in Nov 2024, up by 158.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08830 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 08830; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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