The 08501 housing market is very competitive. The median sale price of a home in 08501 was $683K last month, up 5.1% since last year. The median sale price per square foot in 08501 is $286, up 8.7% since last year.
In October 2024, 08501 home prices were up 5.1% compared to last year, selling for a median price of $683K. On average, homes in 08501 sell after 22 days on the market compared to 31 days last year. There were 15 homes sold in October this year, up from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$683,000
+5.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
08501, NJ
$683,000
+5.1%
United States
To compare other locations to the 08501 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in 08501
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the 08501 housing market?
08501 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 6 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 20 days.
Hot homes
can sell for about 7% 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 08501 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08501.
Flood Factor - Major
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08501 has a major risk of flooding. 112 properties in 08501 are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in 08501. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
08501 has a moderate risk of wildfire. There are 2,066 properties in 08501 that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in 08501.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08501 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08501 is most at risk from hurricanes. 2,069 properties in 08501 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 93 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 109 mph.