$2,933 Closing Credit*
$247,000
2 Beds
•1 Full Bath
Listing Office: UNITED REAL ESTATE
Is 08865, 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, 08865 has remained a Seller's Market.
Key Takeaway
08865 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08865, NJ
How much do homes in 08865, NJ cost?
Median Sold Price
$320,066
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,066(+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 $320,066 in October 2024, up 16.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187K | $199K | +6.4% |
| 2 Bedrooms | $252K | $262.5K | +4.2% |
| 3 Bedrooms | $268.2K | $314.9K | +17.4% |
| 4 Bedrooms | $383.8K | $420K | +9.4% |
| 5+ Bedrooms | $300K | $400K | +33.3% |
Summary: 08865 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 33.3%.
Housing Supply in 08865, NJ
How many homes are available in 08865, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 125 | 124 | -0.8% |
Summary: The 08865 real estate market had 124 homes for sale in October 2024, a 0.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 62 | 67 | +8.1% |
| 4 Bedrooms | 37 | 30 | -18.9% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 08865 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
8 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. 50% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 08865 in October 2024, down by 4.3% month-over-month. Of the 22 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for 08865, NJ
How long does it take to sell a home in 08865, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08865 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in 08865; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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