The 08050 housing market is very competitive. Homes in 08050 receive 2 offers on average and sell in around 34 days. The median sale price of a home in 08050 was $525K last month, up 19.3% since last year. The median sale price per square foot in 08050 is $287, up 10.8% since last year.
In April 2024, 08050 home prices were up 19.3% compared to last year, selling for a median price of $525K. On average, homes in 08050 sell after 34 days on the market compared to 61 days last year. There were 100 homes sold in April this year, up from 93 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$525,000
+19.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
08050, NJ
$525,000
+19.3%
United States
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How hot is the 08050 housing market?
08050 is very competitive. Homes sell in 22 days.
0
100
70
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 22 days.
Hot homes
can sell for about 2% above list price and go pending in around 12 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 08050 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 08050.
Risk Factor
Flood Factor - Severe
43% of properties are at risk of severe flooding over the next 30 years
Flood Factor
08050 has a severe risk of flooding. 5,070 properties in 08050 are likely to be
severely affected
by flooding over the next 30 years. This represents 43% of all properties in 08050. Flood risk is increasing slower than the national average.
97% of properties are at risk of wildfire over the next 30 years
Fire Factor
08050 has a moderate risk of wildfire. There are 14,220 properties in 08050 that have some risk of being affected by wildfire over the next 30 years. This represents 97% of all properties in 08050.
69% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
08050 has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 08050 is most at risk from hurricanes. 10,134 properties in 08050 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 136 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 157 mph.