The 08550 housing market is very competitive. Homes in 08550 receive 6 offers on average and sell in around 37.5 days. The median sale price of a home in 08550 was $739K last month, down 8.8% since last year. The median sale price per square foot in 08550 is $369, up 12.5% since last year.
In March 2024, 08550 home prices were down 8.8% compared to last year, selling for a median price of $739K. On average, homes in 08550 sell after 38 days on the market compared to 29 days last year. There were 22 homes sold in March this year, down from 32 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$739,000
-8.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08550, NJ
$739,000
-8.8%
United States
To compare other locations to the 08550 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.
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How hot is the 08550 housing market?
08550 is very competitive. Homes sell in 25 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 4% above list price and go pending in around 25 days.
Hot homes
can sell for about 9% above list price and go pending in around 13 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Dutch Neck Elementary School
Public • K-3
681
Students
8 reviews
7/10
Village School
Public • PreK-5
741
Students
8 reviews
5/10
University Heights/h.D. Morrison Elementary School
Public • PreK-5
320
Students
3 reviews
3/10
Maurice Hawk Elementary School
Public • PreK-3
709
Students
7 reviews
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 08550 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08550.
Risk Factor
Flood Factor - Moderate
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08550 has a moderate risk of flooding. 288 properties in 08550 are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in 08550. Flood risk is increasing slower than the national average.
21% of properties are at risk of wildfire over the next 30 years
Fire Factor
08550 has a moderate risk of wildfire. There are 1,457 properties in 08550 that have some risk of being affected by wildfire over the next 30 years. This represents 21% of all properties in 08550.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08550 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08550 is most at risk from hurricanes. 6,674 properties in 08550 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 99 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 111 mph.