The 08648 housing market is very competitive. Homes in 08648 receive 6 offers on average and sell in around 34.5 days. The median sale price of a home in 08648 was $413K last month, up 21.3% since last year. The median sale price per square foot in 08648 is $256, up 7.6% since last year.
In March 2024, 08648 home prices were up 21.3% compared to last year, selling for a median price of $413K. On average, homes in 08648 sell after 35 days on the market compared to 54 days last year. There were 50 homes sold in March this year, down from 61 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$412,500
+21.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08648, NJ
$412,500
+21.3%
United States
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How hot is the 08648 housing market?
08648 is very competitive. Homes sell in 37.5 days.
0
100
75
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 1% above list price and go pending in around 38 days.
Hot homes
can sell for about 4% above list price and go pending in around 17 days.
University Heights/h.D. Morrison Elementary School
Public • PreK-5
320
Students
3 reviews
Only showing 5 of
9 elementary schools.
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 08648 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08648.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08648 has a moderate risk of flooding. 811 properties in 08648 are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in 08648. Flood risk is increasing slower than the national average.
28% of properties are at risk of wildfire over the next 30 years
Fire Factor
08648 has a moderate risk of wildfire. There are 3,598 properties in 08648 that have some risk of being affected by wildfire over the next 30 years. This represents 28% of all properties in 08648.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08648 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08648 is most at risk from hurricanes. 12,838 properties in 08648 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 87 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 99 mph.