$5,936 Closing Credit*
$499,900
1,824 SqFt
4 Beds
•2 Full Baths
Listing Office: LEGENDARY REALTY LLC
Is 08904, 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, 08904 was a Neutral Market.
Key Takeaway
08904 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 08904, NJ
How much do homes in 08904, NJ cost?
Median Sold Price
$575,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,000(+15.2%)
Key Takeaway
Homes in 08904 have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in 08904 was $575,000 in October 2024, up 15.2% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $245K | +14.0% |
| 2 Bedrooms | $349.3K | $397.5K | +13.8% |
| 3 Bedrooms | $499K | $510K | +2.2% |
| 4 Bedrooms | $525K | $587.5K | +11.9% |
| 5+ Bedrooms | $675K | $742.5K | +10.0% |
Summary: 08904 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 10%.
Housing Supply in 08904, NJ
How many homes are available in 08904, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Summary: The 08904 real estate market had 30 homes for sale in October 2024, a 11.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 08904 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 08904, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 08904 in October 2024, down by 70.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 08904, NJ
How long does it take to sell a home in 08904, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 29 Days | +7.4% |
Summary: Homes in 08904 had an average of 29 days on market in Oct 2024, up by 7.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 08904 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 08904; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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