The 08551 housing market is very competitive. The median sale price of a home in 08551 was $805K over the last 3 months, up 20.1% since the same period last year. The median sale price per square foot in 08551 is $304, up 1.5% since last year.
Over the three months ending July 2026, 08551 home prices were up 20.1% compared to the same period last year, selling for a median price of $805K. On average, homes in 08551 sell after 25 days on the market compared to 22 days last year. There were 22 homes sold in July this year, up from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$804,821
+20.1% YoY | Jul 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2026
Growth
% YoY
08551, NJ
$804,821
+20.1%
United States
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How hot is the 08551 housing market?
08551 is very competitive. Homes sell in 27 days.
0
100
81
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 2% above list price and go pending in around 27 days.
Hot homes
can sell for about 5% 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 08551 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08551.
Flood Factor - Moderate
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08551 has a moderate risk of flooding. 117 properties in 08551 are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in 08551. Flood risk is increasing slower than the national average.
65% of properties are at risk of wildfire over the next 30 years
Fire Factor
08551 has a moderate risk of wildfire. There are 1,521 properties in 08551 that have some risk of being affected by wildfire over the next 30 years. This represents 65% of all properties in 08551.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08551 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08551 is most at risk from hurricanes. 2,320 properties in 08551 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 96 mph.