$4,144 Closing Credit*
$349,000
1 Bed
•1 Full Bath, 1 Partial
Listing Office: WEICHERT REALTORS
Is 08889, 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, 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
$675,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$100,000(+17.4%)
Key Takeaway
Homes in 08889 have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in 08889 was $675,000 in October 2024, up 17.4% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $440K | $456K | +3.6% |
| 3 Bedrooms | $500K | $581.3K | +16.3% |
| 4 Bedrooms | $681K | $795K | +16.7% |
| 5+ Bedrooms | $850K | $965K | +13.5% |
Summary: 08889 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 3.6%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 08889, NJ
How many homes are available in 08889, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 54 | +14.9% |
Summary: The 08889 real estate market had 54 homes for sale in October 2024, a 14.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 08889 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08889, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 08889 in October 2024, up by 40.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for 08889, NJ
We’re sorry, we don't have information for this market at the moment
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