$3,741 Closing Credit*
$315,000
2 Beds
•1 Full Bath
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 October 2023
At the same time last year, 08867 was a Seller's Market.
Key Takeaway
08867 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08867, NJ
How much do homes in 08867, NJ cost?
Median Sold Price
$860,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$125,000(+17.0%)
Key Takeaway
Homes in 08867 have sold for 17% more than they did a year ago.
Summary: The median home sold price in 08867 was $860,000 in October 2024, up 17% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $565K | - | N/A |
| 2 Bedrooms | $300K | $215K | -28.3% |
| 3 Bedrooms | $512.5K | $487K | -5.0% |
| 4 Bedrooms | $790K | $855K | +8.2% |
| 5+ Bedrooms | $972.5K | $932.5K | -4.1% |
Summary: 08867 housing prices by bedroom type for October 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 5%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Zip Codes
| 08827 | $520K | $625K | +20.2% |
| 08867 | $735K | $860K | +17.0% |
| 08801 | $438.8K | $465K | +5.9% |
| 08825 | $550K | $582.5K | +5.9% |
| 08809 | $450K | $337.5K | -25.0% |
Housing Supply in 08867, NJ
How many homes are available in 08867, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The 08867 real estate market had 25 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 08867 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 08867, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 08867 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 08867, NJ
We’re sorry, we don't have information for this market at the moment
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.