$3,859 Closing Credit*
$325,000
2 Beds
•1 Full Bath
Listing Office: KELLER WILLIAMS REAL ESTATE
Is 08876, 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, 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
$562,500
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,500(+6.1%)
Key Takeaway
Homes in 08876 have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in 08876 was $562,500 in November 2024, up 6.1% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $418.5K | $440K | +5.1% |
| 3 Bedrooms | $503K | $510K | +1.4% |
| 4 Bedrooms | $637.3K | $732.5K | +14.9% |
| 5+ Bedrooms | $970K | $999K | +3.0% |
Summary: 08876 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 increased by 5.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 3%.
Housing Supply in 08876, NJ
How many homes are available in 08876, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 66 | -2.9% |
Summary: The 08876 real estate market had 66 homes for sale in November 2024, a 2.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 08876 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 decreased by 6.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08876, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 08876 in November 2024, down by 27.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for 08876, NJ
We’re sorry, we don't have information for this market at the moment
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