$4,334 Closing Credit*
$365,000
1,260 SqFt
3 Beds
•1 Full Bath
Listing Office: COLDWELL BANKER REALTY
Is 08865, 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, 08865 was a Seller's Market.
Key Takeaway
08865 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 08865, NJ
How much do homes in 08865, NJ cost?
Median Sold Price
$320,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+16.4%)
Key Takeaway
Homes in 08865 have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in 08865 was $320,000 in November 2024, up 16.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $197K | +3.9% |
| 2 Bedrooms | $255K | $266.2K | +4.4% |
| 3 Bedrooms | $270K | $309.5K | +14.6% |
| 4 Bedrooms | $400K | $420K | +5.0% |
| 5+ Bedrooms | $367.5K | $400K | +8.8% |
Summary: 08865 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in 08865, NJ
How many homes are available in 08865, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 120 | +5.3% |
Summary: The 08865 real estate market had 120 homes for sale in November 2024, a 5.3% increase 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 | 15 | 17 | +13.3% |
| 3 Bedrooms | 61 | 57 | -6.6% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 08865 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 increased by 13.3%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08865, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 08865 in November 2024, down by 28.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for 08865, NJ
How long does it take to sell a home in 08865, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 101 Days | +288.5% |
Summary: Homes in 08865 had an average of 101 days on market in Nov 2024, up by 288.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 08865 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 18 homes were sold in 08865; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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