$6,234 Closing Credit*
$525,000
3 Beds
•2 Full Baths
Listing Office: RE/MAX SELECT
Is 08869, 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, 08869 was a Seller's Market.
Key Takeaway
08869 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08869, NJ
How much do homes in 08869, NJ cost?
Median Sold Price
$555,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$124,000(+28.8%)
Key Takeaway
Homes in 08869 have sold for 28.8% more than they did a year ago.
Summary: The median home sold price in 08869 was $555,000 in October 2024, up 28.8% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $423.5K | $410K | -3.2% |
| 3 Bedrooms | $417.5K | $500K | +19.8% |
| 4 Bedrooms | $490K | $650K | +32.7% |
| 5+ Bedrooms | $850K | $950K | +11.8% |
Summary: 08869 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 3.2%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in 08869, NJ
How many homes are available in 08869, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The 08869 real estate market had 9 homes for sale in October 2024, a 12.5% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 1 | 4 | +300.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 08869 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 decreased by 100%, 3 bedroom homes increased by 300%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08869, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 08869 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 08869, NJ
We’re sorry, we don't have information for this market at the moment
