$4,928 Closing Credit*
$415,000
1,436 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: KELLER WILLIAMS CORNERSTONE
Is 08844, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 08844 has remained a Seller's Market.
Key Takeaway
08844 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08844, NJ
How much do homes in 08844, NJ cost?
Median Sold Price
$585,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,000(+9.3%)
Key Takeaway
Homes in 08844 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 08844 was $585,000 in November 2024, up 9.3% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $256K | +11.3% |
| 2 Bedrooms | $388K | $410K | +5.7% |
| 3 Bedrooms | $525K | $532.5K | +1.4% |
| 4 Bedrooms | $758K | $802K | +5.8% |
| 5+ Bedrooms | $858.5K | $1.0M | +26.4% |
Summary: 08844 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Zip Codes
| 08869 | $432K | $575K | +33.1% |
| 08844 | $535K | $585K | +9.3% |
| 08835 | $390K | $420K | +7.7% |
Housing Supply in 08844, NJ
How many homes are available in 08844, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 125 | -14.4% |
Summary: The 08844 real estate market had 125 homes for sale in November 2024, a 14.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 44 | 43 | -2.3% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 43 | 32 | -25.6% |
| 5+ Bedrooms | 18 | 10 | -44.4% |
Summary: The 08844 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes decreased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 24 | -44.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08844, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 08844 in November 2024, down by 44.2% month-over-month. Of the 24 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.
Days on Market for 08844, NJ
How long does it take to sell a home in 08844, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 33 Days | +124.4% |
Summary: Homes in 08844 had an average of 33 days on market in Nov 2024, up by 124.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08844 has remained consistent over time.
Summary: During November 2024, 24 homes were sold in 08844; 4% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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