The 08502 housing market is very competitive. The median sale price of a home in 08502 was $925K last month, down 15.9% since last year. The median sale price per square foot in 08502 is $334, up 6.9% since last year.
In October 2024, 08502 home prices were down 15.9% compared to last year, selling for a median price of $925K. On average, homes in 08502 sell after 21 days on the market compared to 21 days last year. There were 37 homes sold in October this year, up from 19 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$925,000
-15.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
08502, NJ
$925,000
-15.9%
United States
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How hot is the 08502 housing market?
08502 is very competitive. Homes sell in 20 days.
0
100
89
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 3% 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 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 - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08502 has a minor risk of flooding. 174 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 faster 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.