$3,561 Closing Credit*
$299,900
1,188 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: KELLER WILLIAMS REAL ESTATE
Is 08848, 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, 08848 has remained a Seller's Market.
Key Takeaway
08848 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08848, NJ
How much do homes in 08848, NJ cost?
Median Sold Price
$545,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$115,000(+26.7%)
Key Takeaway
Homes in 08848 have sold for 26.7% more than they did a year ago.
Summary: The median home sold price in 08848 was $545,000 in November 2024, up 26.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124K | $348.7K | +181.3% |
| 2 Bedrooms | $244.5K | $420K | +71.8% |
| 3 Bedrooms | $379K | $456.9K | +20.6% |
| 4 Bedrooms | $610.3K | $699K | +14.5% |
| 5+ Bedrooms | $640.5K | $1.0M | +69.5% |
Summary: 08848 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 181.3%, 2 bedroom homes increased by 71.8%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 69.5%.
Median Sold Price Compared To Nearby Zip Codes
| 08848 | $430K | $545K | +26.7% |
| 08802 | $449.9K | $536.5K | +19.3% |
| 08825 | $552.5K | $586.7K | +6.2% |
| 08804 | $452.5K | $478K | +5.6% |
Housing Supply in 08848, NJ
How many homes are available in 08848, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 37 | -24.5% |
Summary: The 08848 real estate market had 37 homes for sale in November 2024, a 24.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 08848 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08848, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in 08848 in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for 08848, NJ
We’re sorry, we don't have information for this market at the moment
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.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.