$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 November 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
$675,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,500(+7.9%)
Key Takeaway
Homes in 08833 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 08833 was $675,000 in November 2024, up 7.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $285.2K | -9.4% |
| 2 Bedrooms | $336K | $371K | +10.4% |
| 3 Bedrooms | $517.5K | $582.5K | +12.6% |
| 4 Bedrooms | $737K | $885.4K | +20.1% |
| 5+ Bedrooms | $999.9K | $1.2M | +20.0% |
Summary: 08833 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 20%.
Housing Supply in 08833, NJ
How many homes are available in 08833, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Summary: The 08833 real estate market had 40 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 08833 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08833, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 08833 in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 08833, NJ
We’re sorry, we don't have information for this market at the moment
