The 08055 housing market is very competitive. Homes in 08055 receive 3 offers on average and sell in around 20.5 days. The median sale price of a home in 08055 was $600K last month, up 9.1% since last year. The median sale price per square foot in 08055 is $280, up 17.4% since last year.
In October 2024, 08055 home prices were up 9.1% compared to last year, selling for a median price of $600K. On average, homes in 08055 sell after 21 days on the market compared to 21 days last year. There were 91 homes sold in October this year, up from 81 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$600,000
+9.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
08055, NJ
$600,000
+9.1%
United States
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How hot is the 08055 housing market?
08055 is very competitive. Homes sell in 19 days.
0
100
86
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 1% above list price and go pending in around 19 days.
Hot homes
can sell for about 4% above list price and go pending in around 13 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 08055 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08055.
Flood Factor - Moderate
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08055 has a moderate risk of flooding. 1,210 properties in 08055 are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in 08055. Flood risk is increasing slower than the national average.
83% of properties are at risk of wildfire over the next 30 years
Fire Factor
08055 has a moderate risk of wildfire. There are 10,001 properties in 08055 that have some risk of being affected by wildfire over the next 30 years. This represents 83% of all properties in 08055.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08055 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08055 is most at risk from hurricanes. 12,037 properties in 08055 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 97 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 110 mph.