The 08055 housing market is very competitive. The median sale price of a home in 08055 was $540K last month, up 15.0% since last year. The median sale price per square foot in 08055 is $232, up 5.9% since last year.
In March 2024, 08055 home prices were up 15.0% compared to last year, selling for a median price of $540K. On average, homes in 08055 sell after 24 days on the market compared to 46 days last year. There were 57 homes sold in March this year, down from 82 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$540,000
+15.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08055, NJ
$540,000
+15.0%
United States
To compare other locations to the 08055 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in New Jersey add value to a home.
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How hot is the 08055 housing market?
08055 is very competitive. Homes sell in 20 days.
0
100
87
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 3% above list price and go pending in around 20 days.
Hot homes
can sell for about 8% above list price and go pending in around 12 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Kirbys Mill Elementary School
Public • PreK-5
361
Students
7 reviews
9/10
Neeta School
Public • 3-8
363
Students
12 reviews
9/10
Milton H. Allen Elementary School
Public • K-5
333
Students
5 reviews
8/10
Cranberry Pines Elementary School
Public • K-5
399
Students
3 reviews
8/10
Chairville Elementary School
Public • K-5
324
Students
8 reviews
Only showing 5 of
9 elementary schools.
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.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08055 has a moderate risk of flooding. 1,409 properties in 08055 are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in 08055. Flood risk is increasing slower than the national average.
79% of properties are at risk of wildfire over the next 30 years
Fire Factor
08055 has a moderate risk of wildfire. There are 12,389 properties in 08055 that have some risk of being affected by wildfire over the next 30 years. This represents 79% 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. 15,524 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.