$8,311 Closing Credit*
$699,900
3 Beds
•1 Full Bath, 2 Partial
Listing Office: RE/MAX CLASSIC GROUP
Is 08853, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 08853 was a Buyer's Market.
Key Takeaway
08853 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08853, NJ
How much do homes in 08853, NJ cost?
Median Sold Price
$707,500
$251/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$268,500(-27.5%)
Key Takeaway
Homes in 08853 have sold for 27.5% less than they did a month ago.
Summary: The median home sold price in 08853 was $707,500 in October 2024, down 27.5% from last month, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $540K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $976K | - | N/A |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: 08853 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 08853, NJ
How many homes are available in 08853, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Summary: The 08853 real estate market had 22 homes for sale in October 2024, a 29.4% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 08853 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 25%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 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 08853, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 08853 in October 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 08853, NJ
How long does it take to sell a home in 08853, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08853 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 08853; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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