$7,113 Closing Credit*
$599,000
1,632 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: EXP REALTY, LLC
Is 08876, 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, 08876 has remained a Seller's Market.
Key Takeaway
08876 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08876, NJ
How much do homes in 08876, NJ cost?
Median Sold Price
$553,600
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,600(+9.6%)
Key Takeaway
Homes in 08876 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 08876 was $553,600 in October 2024, up 9.6% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $375K | $450K | +20.0% |
| 3 Bedrooms | $485K | $510K | +5.2% |
| 4 Bedrooms | $612K | $715K | +16.8% |
| 5+ Bedrooms | $882.5K | $999.9K | +13.3% |
Summary: 08876 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 increased by 20%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in 08876, NJ
How many homes are available in 08876, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 75 | -1.3% |
Summary: The 08876 real estate market had 75 homes for sale in October 2024, a 1.3% decrease 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 | 17 | 19 | +11.8% |
| 3 Bedrooms | 36 | 34 | -5.6% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 08876 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 increased by 11.8%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08876, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 08876 in October 2024, down by 4.5% month-over-month. Of the 21 sold homes, 14% were sold under asking, 19% were sold at asking, and 67% were sold over asking.
Days on Market for 08876, NJ
How long does it take to sell a home in 08876, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 45 Days | +45.2% |
Summary: Homes in 08876 had an average of 45 days on market in Oct 2024, up by 45.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 08876 has remained consistent over time.
Summary: During October 2024, 21 homes were sold in 08876; 0% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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