$22,000,000
7 Beds
•7 Full Baths, 3 Partial
Listing Office: LUXIAN INTERNATIONAL REALTY
Is 08848, 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, 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
$541,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$141,000(+35.3%)
Key Takeaway
Homes in 08848 have sold for 35.3% more than they did a year ago.
Summary: The median home sold price in 08848 was $541,000 in October 2024, up 35.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124K | $348.7K | +181.3% |
| 2 Bedrooms | $260K | $420K | +61.5% |
| 3 Bedrooms | $356.8K | $437.5K | +22.6% |
| 4 Bedrooms | $600K | $687K | +14.5% |
| 5+ Bedrooms | $640.5K | $1.1M | +78.4% |
Summary: 08848 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 181.3%, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 78.4%.
Housing Supply in 08848, NJ
How many homes are available in 08848, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 48 | +17.1% |
Summary: The 08848 real estate market had 48 homes for sale in October 2024, a 17.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The 08848 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 increased by 20%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08848, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 08848 in October 2024, up by 116.7% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for 08848, NJ
We’re sorry, we don't have information for this market at the moment
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