The 08027 housing market is very competitive. The median sale price of a home in 08027 was $300K last month, up 16.5% since last year. The median sale price per square foot in 08027 is $219, up 55.3% since last year.
In April 2024, 08027 home prices were up 16.5% compared to last year, selling for a median price of $300K. On average, homes in 08027 sell after 42 days on the market compared to 28 days last year. There were 13 homes sold in April this year, up from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$300,000
+16.5% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
08027, NJ
$300,000
+16.5%
United States
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How hot is the 08027 housing market?
08027 is very competitive. Homes sell in 34 days.
0
100
73
Very 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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 34 days.
Hot homes
can sell for about 5% above list price and go pending in around 14 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 08027 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08027.
Risk Factor
Flood Factor - Extreme
88% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08027 has an extreme risk of flooding. 1,504 properties in 08027 are likely to be
severely affected
by flooding over the next 30 years. This represents 88% of all properties in 08027. Flood risk is increasing faster than the national average.
50% of properties are at risk of wildfire over the next 30 years
Fire Factor
08027 has a moderate risk of wildfire. There are 1,323 properties in 08027 that have some risk of being affected by wildfire over the next 30 years. This represents 50% of all properties in 08027.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08027 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08027 is most at risk from hurricanes. 2,610 properties in 08027 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 88 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 101 mph.