The 08031 housing market is very competitive. The median sale price of a home in 08031 was $275K last month, up 11.1% since last year. The median sale price per square foot in 08031 is $206, up 11.4% since last year.
In March 2024, 08031 home prices were up 11.1% compared to last year, selling for a median price of $275K. On average, homes in 08031 sell after 46 days on the market compared to 30 days last year. There were 25 homes sold in March this year, up from 24 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$275,000
+11.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08031, NJ
$275,000
+11.1%
United States
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How hot is the 08031 housing market?
08031 is very competitive. Homes sell in 22.5 days.
0
100
85
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 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 23 days.
Hot homes
can sell for about 5% above list price and go pending in around 12 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 08031 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08031.
Risk Factor
Flood Factor - Major
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08031 has a major risk of flooding. 204 properties in 08031 are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in 08031. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
08031 has a minor risk of wildfire. There are 55 properties in 08031 that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in 08031.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08031 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08031 is most at risk from hurricanes. 3,833 properties in 08031 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 100 mph.