The 08701 housing market is somewhat competitive. The median sale price of a home in 08701 was $427K last month, up 8.4% since last year. The median sale price per square foot in 08701 is $232, up 2.4% since last year.
In March 2024, 08701 home prices were up 8.4% compared to last year, selling for a median price of $427K. On average, homes in 08701 sell after 55 days on the market compared to 91 days last year. There were 144 homes sold in March this year, down from 185 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$427,000
+8.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08701, NJ
$427,000
+8.4%
United States
To compare other locations to the 08701 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 08701 housing market?
08701 is somewhat competitive. Homes sell in 55 days.
0
100
54
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 1% below list price and go pending in around 55 days.
Hot homes
can sell for about 2% above list price and go pending in around 20 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Ella G Clarke Elementary School
Public • 1-5
365
Students
2 reviews
7/10
Clifton Ave Grade School
Public • 1-5
606
Students
3 reviews
6/10
Oak Street Elementary School
Public • K-5
794
Students
N/A
4/10
Ramtown Elementary School
Public • 3-5
354
Students
4 reviews
2/10
Joseph A Citta Elementary School
Public • K-5
569
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 08701 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08701.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08701 has a moderate risk of flooding. 2,160 properties in 08701 are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in 08701. Flood risk is increasing slower than the national average.
83% of properties are at risk of wildfire over the next 30 years
Fire Factor
08701 has a moderate risk of wildfire. There are 23,808 properties in 08701 that have some risk of being affected by wildfire over the next 30 years. This represents 83% of all properties in 08701.
84% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08701 has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08701 is most at risk from hurricanes. 24,303 properties in 08701 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 104 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 118 mph.