$8,657 Closing Credit*
$729,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: KELLER WILLIAMS CORNERSTONE
Is 08889, 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, 08889 has remained a Seller's Market.
Key Takeaway
08889 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 08889, NJ
How much do homes in 08889, NJ cost?
Median Sold Price
$685,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$103,684(+17.8%)
Key Takeaway
Homes in 08889 have sold for 17.8% more than they did a year ago.
Summary: The median home sold price in 08889 was $685,000 in November 2024, up 17.8% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $440K | $461K | +4.8% |
| 3 Bedrooms | $544.5K | $575K | +5.6% |
| 4 Bedrooms | $692.5K | $835K | +20.6% |
| 5+ Bedrooms | $900K | $965K | +7.2% |
Summary: 08889 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 4.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in 08889, NJ
How many homes are available in 08889, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Summary: The 08889 real estate market had 47 homes for sale in November 2024, a 7.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 08889 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 27.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08889, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 08889 in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for 08889, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.