The 08831 housing market is somewhat competitive. Homes in 08831 receive 5 offers on average and sell in around 68.5 days. The median sale price of a home in 08831 was $418K last month, up 11.5% since last year. The median sale price per square foot in 08831 is $288, up 15.7% since last year.
In March 2024, 08831 home prices were up 11.5% compared to last year, selling for a median price of $418K. On average, homes in 08831 sell after 69 days on the market compared to 49 days last year. There were 182 homes sold in March this year, down from 212 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$417,500
+11.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
08831, NJ
$417,500
+11.5%
United States
To compare other locations to the 08831 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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 08831 housing market?
08831 is somewhat competitive. Homes sell in 63 days.
0
100
60
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 around list price and go pending in around 63 days.
Hot homes
can sell for about 4% above list price and go pending in around 38 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 08831 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08831.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08831 has a moderate risk of flooding. 3,438 properties in 08831 are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in 08831. Flood risk is increasing slower than the national average.
70% of properties are at risk of wildfire over the next 30 years
Fire Factor
08831 has a moderate risk of wildfire. There are 24,389 properties in 08831 that have some risk of being affected by wildfire over the next 30 years. This represents 70% of all properties in 08831.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08831 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08831 is most at risk from hurricanes. 34,715 properties in 08831 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 91 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 104 mph.