Backup offers
$8,105 Closing Credit¹
#3930866, Listing Office: RE/MAX CLASSIC GROUP
08853 Housing Market Report January 2025•Somerset County, New Jersey
Housing Prices in 08853, NJ
How much do homes in 08853, NJ cost?
Median List Price
$649,900$283/SqFt
-$19,800
-3.0%
Based on all homes listed in the last 12 months
Insight
The list price of homes in 08853 has decreased by 3% since last year.
Summary: The median home list price in 08853 was $649,900 in January 2025, down 3% from the previous year, and the median price per square foot was $283.
Median List Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $435K | N/A |
| 22 Bedrooms | $434.4K | $549.9K | +26.6% |
| 33 Bedrooms | $489K | $640K | +30.9% |
| 44 Bedrooms | $749.5K | $730K | -2.6% |
| 55+ Bedrooms | $984.4K | $959.5K | -2.5% |
Summary: 08853 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +26.6%. The home price for 3 bedroom homes increased by +30.9%. The home price for 4 bedroom homes decreased by -2.6%. The home price for 5 bedroom homes decreased by -2.5%.
Housing supply in 08853, NJ
How many homes are available in 08853, NJ?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 6Last MonthJan 2025 | ||
| 122 months agoDec 2024 | -50.0 % Change MoMDec – Jan |
Summary: The 08853 real estate market had 6 homes for sale in Jan 2025, a 50.0 % decrease compared to Dec 2024.
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 4 | 1 | -75.0% |
| 44 Bedrooms | 7 | 4 | -42.9% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: 08853 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -75.0%. The inventory for 4 bedroom homes decreased by -42.9%. The inventory for 5 bedroom homes remained the same.
Days on Market for 08853, NJ
How long does it take to sell a home in 08853, NJ?
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 98 DaysThis YearJan 2025 | ||
| 68 Days1 year agoJan 2024 | +42.9 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 08853 had an average listing age of 98 days in Jan 2025, up by 42.9% compared to the previous year.
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Newest Listings in 08853, NJ
What homes are available in 08853, NJ?
$6,234 Closing Credit¹
#3929805, Listing Office: KELLER WILLIAMS REAL ESTATE
Backup offersVideo tour
$10,000 Closing Credit¹
#2504225R, Listing Office: COLDWELL BANKER REALTY
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MLS Disclaimers and Copyright
Based on information from Garden State MLS, and ALL JERSEY MLS for the period 02/01/2023 - 02/01/2025
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 7:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 7:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/7/2025, 7:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.