The 08046 housing market is very competitive. The median sale price of a home in 08046 was $335K last month, up 18.8% since last year. The median sale price per square foot in 08046 is $201, up 18.5% since last year.
In February 2024, 08046 home prices were up 18.8% compared to last year, selling for a median price of $335K. On average, homes in 08046 sell after 32 days on the market compared to 48 days last year. There were 107 homes sold in February this year, down from 118 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$334,900
+18.8% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
08046, NJ
$334,900
+18.8%
United States
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How hot is the 08046 housing market?
08046 is very competitive. Homes sell in 33 days.
0
100
77
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 3 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 33 days.
Hot homes
can sell for about 3% above list price and go pending in around 16 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 08046 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08046.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08046 has a moderate risk of flooding. 536 properties in 08046 are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in 08046. Flood risk is increasing faster than the national average.
5% of properties are at risk of wildfire over the next 30 years
Fire Factor
08046 has a moderate risk of wildfire. There are 598 properties in 08046 that have some risk of being affected by wildfire over the next 30 years. This represents 5% of all properties in 08046.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08046 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08046 is most at risk from hurricanes. 11,638 properties in 08046 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 86 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 101 mph.