The 08062 housing market is very competitive. The median sale price of a home in 08062 was $514K last month, up 0.6% since last year. The median sale price per square foot in 08062 is $244, up 21.6% since last year.
In March 2024, 08062 home prices were up 0.6% compared to last year, selling for a median price of $514K. On average, homes in 08062 sell after 18 days on the market compared to 27 days last year. There were 26 homes sold in March this year, down from 32 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$514,100
+0.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08062, NJ
$514,100
+0.6%
United States
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How hot is the 08062 housing market?
08062 is very competitive. Homes sell in 13 days.
0
100
83
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 around 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 08062 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08062.
Risk Factor
Flood Factor - Moderate
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08062 has a moderate risk of flooding. 270 properties in 08062 are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in 08062. Flood risk is increasing slower than the national average.
36% of properties are at risk of wildfire over the next 30 years
Fire Factor
08062 has a moderate risk of wildfire. There are 2,267 properties in 08062 that have some risk of being affected by wildfire over the next 30 years. This represents 36% of all properties in 08062.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08062 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08062 is most at risk from hurricanes. 6,191 properties in 08062 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 96 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 111 mph.