$6,472 Closing Credit*
$545,000
1,708 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: KELLER WILLIAMS REALTY
Is 08833, 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, 08833 was a Seller's Market.
Key Takeaway
08833 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08833, NJ
How much do homes in 08833, NJ cost?
Median Sold Price
$695,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$77,500(+12.6%)
Key Takeaway
Homes in 08833 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 08833 was $695,000 in October 2024, up 12.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $300K | +17.6% |
| 2 Bedrooms | $338K | $375K | +10.9% |
| 3 Bedrooms | $522.5K | $582.5K | +11.5% |
| 4 Bedrooms | $702.5K | $884K | +25.8% |
| 5+ Bedrooms | $999.9K | $1.1M | +12.0% |
Summary: 08833 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes increased by 12%.
Housing Supply in 08833, NJ
How many homes are available in 08833, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 46 | +2.2% |
Summary: The 08833 real estate market had 46 homes for sale in October 2024, a 2.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 08833 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08833, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 08833 in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 08833, NJ
We’re sorry, we don't have information for this market at the moment
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