$8,105 Closing Credit*
$682,500
4 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
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
Since last month, 08853 has remained a Seller'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
$929,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$171,500(+22.6%)
Key Takeaway
Homes in 08853 have sold for 22.6% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $435K | N/A |
| 2 Bedrooms | $540K | - | N/A |
| 3 Bedrooms | $640K | $750K | +17.2% |
| 4 Bedrooms | $1.2M | $1.1M | -11.8% |
| 5+ Bedrooms | $1.0M | $929K | -12.4% |
Summary: 08853 housing prices by bedroom type for November 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 increased by 17.2%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Zip Codes
| 08853 | $757.5K | $929K | +22.6% |
| 08887 | $422.4K | $350K | -17.1% |
Housing Supply in 08853, NJ
How many homes are available in 08853, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -31.8% |
Summary: The 08853 real estate market had 15 homes for sale in November 2024, a 31.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The 08853 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08853, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 08853 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for 08853, NJ
We’re sorry, we don't have information for this market at the moment
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