The 08031 housing market is most competitive. The median sale price of a home in 08031 was $305K last month, up 10.9% since last year. The median sale price per square foot in 08031 is $226, up 8.9% since last year.
In October 2024, 08031 home prices were up 10.9% compared to last year, selling for a median price of $305K. On average, homes in 08031 sell after 18 days on the market compared to 22 days last year. There were 28 homes sold in October this year, up from 27 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$305,000
+10.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
08031, NJ
$305,000
+10.9%
United States
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How hot is the 08031 housing market?
08031 is most competitive. Homes sell in 16 days.
0
100
91
Most 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
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 16 days.
Hot homes
can sell for about 8% above list price and go pending in around 11 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 08031 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08031.
Flood Factor - Major
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08031 has a major risk of flooding. 201 properties in 08031 are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in 08031. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
08031 has a moderate risk of wildfire. There are 18 properties in 08031 that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in 08031.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
08031 has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08031 is most at risk from hurricanes. 3,804 properties in 08031 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 88 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 100 mph.