The 08540 housing market is somewhat competitive. Homes in 08540 receive 3 offers on average and sell in around 40 days. The median sale price of a home in 08540 was $660K last month, down 14.3% since last year. The median sale price per square foot in 08540 is $354, up 10.6% since last year.
In March 2024, 08540 home prices were down 14.3% compared to last year, selling for a median price of $660K. On average, homes in 08540 sell after 40 days on the market compared to 65 days last year. There were 64 homes sold in March this year, down from 71 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$660,000
-14.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08540, NJ
$660,000
-14.3%
United States
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How hot is the 08540 housing market?
08540 is somewhat competitive. Homes sell in 33 days.
0
100
68
Somewhat 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
Some homes get multiple offers.
The average homes sell for about 2% above list price and go pending in around 33 days.
Hot homes
can sell for about 8% 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 08540 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08540.
Risk Factor
Flood Factor - Major
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08540 has a major risk of flooding. 1,040 properties in 08540 are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in 08540. Flood risk is increasing slower than the national average.
70% of properties are at risk of wildfire over the next 30 years
Fire Factor
08540 has a moderate risk of wildfire. There are 11,790 properties in 08540 that have some risk of being affected by wildfire over the next 30 years. This represents 70% of all properties in 08540.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08540 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08540 is most at risk from hurricanes. 16,813 properties in 08540 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 88 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 99 mph.