The 08731 housing market is very competitive. Homes in 08731 receive 3 offers on average and sell in around 26 days. The median sale price of a home in 08731 was $482K last month, up 8.2% since last year. The median sale price per square foot in 08731 is $318, up 3.9% since last year.
In October 2024, 08731 home prices were up 8.2% compared to last year, selling for a median price of $482K. On average, homes in 08731 sell after 26 days on the market compared to 25 days last year. There were 99 homes sold in October this year, up from 90 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$481,500
+8.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
08731, NJ
$481,500
+8.2%
United States
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How hot is the 08731 housing market?
08731 is very competitive. Homes sell in 27 days.
0
100
78
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 around list price and go pending in around 27 days.
Hot homes
can sell for about 3% 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 08731 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08731.
Flood Factor - Moderate
30% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08731 has a moderate risk of flooding. 4,244 properties in 08731 are likely to be
severely affected
by flooding over the next 30 years. This represents 30% of all properties in 08731. Flood risk is increasing faster than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
08731 has a major risk of wildfire. There are 18,751 properties in 08731 that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in 08731.
65% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08731 has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08731 is most at risk from hurricanes. 12,229 properties in 08731 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 128 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 147 mph.