The 08502 housing market is very competitive. Homes in 08502 receive 6 offers on average and sell in around 20 days. The median sale price of a home in 08502 was $998K last month, down 9.27% since last year. The median sale price per square foot in 08502 is $356, up 2.3% since last year.
In May 2025, 08502 home prices were down 9.27% compared to last year, selling for a median price of $998K. On average, homes in 08502 sell after 20 days on the market compared to 20 days last year. There were 13 homes sold in May this year, down from 15 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$998,000
-9.27% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
08502, NJ
$998,000
-9.27%
United States
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How hot is the 08502 housing market?
08502 is very competitive. Homes sell in 33.5 days.
0
100
79
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 3% above list price and go pending in around 34 days.
Hot homes
can sell for about 6% above list price and go pending in around 14 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 08502 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08502.
Flood Factor - Moderate
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08502 has a moderate risk of flooding. 175 properties in 08502 are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in 08502. Flood risk is increasing slower than the national average.
35% of properties are at risk of wildfire over the next 30 years
Fire Factor
08502 has a moderate risk of wildfire. There are 1,209 properties in 08502 that have some risk of being affected by wildfire over the next 30 years. This represents 35% of all properties in 08502.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08502 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08502 is most at risk from hurricanes. 3,361 properties in 08502 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 86 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 95 mph.