$10,000 Closing Credit*
$1,090,000
6 Beds
•3 Full Baths
Listing Office: COLDWELL BANKER REALTY
Is 08852, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 08852 was a Seller's Market.
Key Takeaway
08852 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08852, NJ
How much do homes in 08852, NJ cost?
Median Sold Price
$557,500
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,375(+11.5%)
Key Takeaway
Homes in 08852 have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in 08852 was $557,500 in November 2024, up 11.5% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | $274K | +17.1% |
| 2 Bedrooms | $340K | $385K | +13.2% |
| 3 Bedrooms | $478.5K | $660K | +37.9% |
| 4 Bedrooms | $758K | $895K | +18.1% |
| 5+ Bedrooms | $797.5K | $999.9K | +25.4% |
Summary: 08852 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 25.4%.
Housing Supply in 08852, NJ
How many homes are available in 08852, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 60 | +22.4% |
Summary: The 08852 real estate market had 60 homes for sale in November 2024, a 22.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The 08852 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 13.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08852, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 08852 in November 2024, down by 61.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 08852, NJ
How long does it take to sell a home in 08852, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 43 Days | 0.2% |
Summary: Homes in 08852 had an average of 43 days on market in Nov 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08852 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 08852; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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