The 08016 housing market is somewhat competitive. Homes in 08016 receive 3 offers on average and sell in around 45.5 days. The median sale price of a home in 08016 was $316K last month, down 2.7% since last year. The median sale price per square foot in 08016 is $203, up 6.8% since last year.
In March 2024, 08016 home prices were down 2.7% compared to last year, selling for a median price of $316K. On average, homes in 08016 sell after 46 days on the market compared to 44 days last year. There were 60 homes sold in March this year, down from 79 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$316,000
-2.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08016, NJ
$316,000
-2.7%
United States
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How hot is the 08016 housing market?
08016 is somewhat competitive. Homes sell in 45 days.
0
100
63
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 45 days.
Hot homes
can sell for about 5% above list price and go pending in around 17 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 08016 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08016.
Risk Factor
Flood Factor - Severe
48% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08016 has a severe risk of flooding. 5,953 properties in 08016 are likely to be
severely affected
by flooding over the next 30 years. This represents 48% of all properties in 08016. Flood risk is increasing slower than the national average.
11% of properties are at risk of wildfire over the next 30 years
Fire Factor
08016 has a moderate risk of wildfire. There are 1,712 properties in 08016 that have some risk of being affected by wildfire over the next 30 years. This represents 11% of all properties in 08016.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08016 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08016 is most at risk from hurricanes. 15,117 properties in 08016 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 87 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 102 mph.