$6,828 Closing Credit*
$575,000
1,566 SqFt
5 Beds
•2 Full Baths
Listing Office: NJ REAL ESTATE BOUTIQUE LLC
Is 08835, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 08835 has remained a Seller's Market.
Key Takeaway
08835 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08835, NJ
How much do homes in 08835, NJ cost?
Median Sold Price
$420,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+9.1%)
Key Takeaway
Homes in 08835 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 08835 was $420,000 in October 2024, up 9.1% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $197.5K | N/A |
| 2 Bedrooms | $342.4K | $355K | +3.7% |
| 3 Bedrooms | $390K | $431K | +10.5% |
| 4 Bedrooms | $385K | $422K | +9.6% |
| 5+ Bedrooms | $455K | $305K | -33.0% |
Summary: 08835 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 3.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 33%.
Housing Supply in 08835, NJ
How many homes are available in 08835, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The 08835 real estate market had 42 homes for sale in October 2024, a 2.3% decrease 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 | 5 | 2 | -60.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 08835 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 decreased by 60%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08835, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 08835 in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for 08835, NJ
How long does it take to sell a home in 08835, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08835 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 08835; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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