The 08816 housing market is somewhat competitive. Homes in 08816 receive 3 offers on average and sell in around 59.5 days. The median sale price of a home in 08816 was $598K last month, up 7.7% since last year. The median sale price per square foot in 08816 is $319, up 0.9% since last year.
In October 2024, 08816 home prices were up 7.7% compared to last year, selling for a median price of $598K. On average, homes in 08816 sell after 60 days on the market compared to 35 days last year. There were 152 homes sold in October this year, up from 151 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$597,500
+7.7% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
08816, NJ
$597,500
+7.7%
United States
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How hot is the 08816 housing market?
08816 is somewhat competitive. Homes sell in 65.5 days.
0
100
65
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 2% above list price and go pending in around 66 days.
Hot homes
can sell for about 6% above list price and go pending in around 46 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 08816 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08816.
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08816 has a minor risk of flooding. 1,150 properties in 08816 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 08816. Flood risk is increasing slower than the national average.
55% of properties are at risk of wildfire over the next 30 years
Fire Factor
08816 has a moderate risk of wildfire. There are 9,686 properties in 08816 that have some risk of being affected by wildfire over the next 30 years. This represents 55% of all properties in 08816.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08816 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08816 is most at risk from hurricanes. 17,354 properties in 08816 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.