The 08081 housing market is very competitive. Homes in 08081 receive 4 offers on average and sell in around 27 days. The median sale price of a home in 08081 was $316K last month, up 7.1% since last year. The median sale price per square foot in 08081 is $184, up 1.1% since last year.
In March 2024, 08081 home prices were up 7.1% compared to last year, selling for a median price of $316K. On average, homes in 08081 sell after 27 days on the market compared to 28 days last year. There were 136 homes sold in March this year, down from 145 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$316,000
+7.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08081, NJ
$316,000
+7.1%
United States
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How hot is the 08081 housing market?
08081 is very competitive. Homes sell in 22.5 days.
0
100
81
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 23 days.
Hot homes
can sell for about 6% above list price and go pending in around 11 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 08081 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08081.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08081 has a moderate risk of flooding. 887 properties in 08081 are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in 08081. Flood risk is increasing slower than the national average.
81% of properties are at risk of wildfire over the next 30 years
Fire Factor
08081 has a moderate risk of wildfire. There are 14,781 properties in 08081 that have some risk of being affected by wildfire over the next 30 years. This represents 81% of all properties in 08081.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08081 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08081 is most at risk from hurricanes. 18,171 properties in 08081 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 100 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 115 mph.