$5,818 Closing Credit*
$489,900
4 Beds
•2 Full Baths, 1 Partial
Listing Office: COLDWELL BANKER REALTY
Is 08867, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 08867 has remained a Neutral Market.
Key Takeaway
08867 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 08867, NJ
How much do homes in 08867, NJ cost?
Median Sold Price
$845,000
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$94,000(+12.5%)
Key Takeaway
Homes in 08867 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 08867 was $845,000 in November 2024, up 12.5% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $565K | - | N/A |
| 2 Bedrooms | $300K | $215K | -28.3% |
| 3 Bedrooms | $525K | $475.9K | -9.3% |
| 4 Bedrooms | $794.5K | $870K | +9.5% |
| 5+ Bedrooms | $972.5K | $932.5K | -4.1% |
Summary: 08867 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Zip Codes
| 08801 | $420K | $503.4K | +19.9% |
| 08827 | $520K | $615K | +18.3% |
| 08867 | $751K | $845K | +12.5% |
| 08825 | $552.5K | $586.7K | +6.2% |
| 08809 | $455K | $322K | -29.2% |
Housing Supply in 08867, NJ
How many homes are available in 08867, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The 08867 real estate market had 24 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 08867 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 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 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 08867, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 08867 in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 08867, NJ
We’re sorry, we don't have information for this market at the moment
