Is ZIP 07008, NJ 07008 a buyer’s or seller’s market?

Balanced As of 2026-08-31 · Source: Redfin

ZIP 07008 is a balanced market. With about 5.7 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.7Under 4 months = seller’s market

Sold above list55.8%Share of recent sales

Median sale-to-list101.9%Sold price ÷ list price

Median days on market72Listing to accepted offer

Median price per sq ft$355▼ −7.3% vs. last year

Run the numbers for 07008

Prefilled for 07008Can I win this house?Multiple-offer likelihood for a listing Coming soonOver-asking calculatorTypical range over list Coming soonOffer strength scoreHow your offer looks to a seller Coming soonAppraisal gapCash needed if it appraises low

Nearby markets

ZIP 07001 07001Seller’s market $429 /sq ft ZIP 07064 07064Balanced $428 /sq ft ZIP 07067 07067Seller’s market $393 /sq ft ZIP 07077 07077Buyer’s market $565 /sq ft Browse all markets →

Market data describes housing activity only.