$5,938 Closing Credit*
$500,000
4 Beds
•2 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is 08846, 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, 08846 has remained a Seller's Market.
Key Takeaway
08846 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08846, NJ
How much do homes in 08846, NJ cost?
Median Sold Price
$466,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,000(+10.2%)
Key Takeaway
Homes in 08846 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 08846 was $466,000 in November 2024, up 10.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | $187.5K | +8.4% |
| 2 Bedrooms | $307.5K | $370K | +20.3% |
| 3 Bedrooms | $405K | $450K | +11.1% |
| 4 Bedrooms | $475K | $555K | +16.8% |
| 5+ Bedrooms | $614.3K | $543K | -11.6% |
Summary: 08846 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 11.6%.
Housing Supply in 08846, NJ
How many homes are available in 08846, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 58 | +7.4% |
Summary: The 08846 real estate market had 58 homes for sale in November 2024, a 7.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 08846 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 80%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08846, you could pay more than the asking price. 91.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in 08846 in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 8% were sold under asking, 0% were sold at asking, and 92% were sold over asking.
Days on Market for 08846, NJ
How long does it take to sell a home in 08846, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 31 Days | +47.1% |
Summary: Homes in 08846 had an average of 31 days on market in Nov 2024, up by 47.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 08846 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 08846; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.