The 08242 housing market is very competitive. The median sale price of a home in 08242 was $363K last month, up 6.6% since last year. The median sale price per square foot in 08242 is $206, up 9.0% since last year.
In February 2025, 08242 home prices were up 6.6% compared to last year, selling for a median price of $363K. On average, homes in 08242 sell after 47 days on the market compared to 84 days last year. There were 8 homes sold in February this year, down from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$362,500
+6.6% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
08242, NJ
$362,500
+6.6%
United States
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How hot is the 08242 housing market?
08242 is very competitive. Homes sell in 27 days.
0
100
75
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 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 27 days.
Hot homes
can sell for about 4% above list price and go pending in around 15 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 08242 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08242.
Flood Factor - Minor
36% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08242 has a minor risk of flooding. 296 properties in 08242 are likely to be
severely affected
by flooding over the next 30 years. This represents 36% of all properties in 08242. Flood risk is increasing faster than the national average.
100% of properties are at risk of wildfire over the next 30 years
Fire Factor
08242 has a moderate risk of wildfire. There are 1,747 properties in 08242 that have some risk of being affected by wildfire over the next 30 years. This represents 100% of all properties in 08242.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
08242 has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08242 is most at risk from hurricanes. 1,747 properties in 08242 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 124 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 141 mph.