Is ZIP 08501, NJ 08501 a buyer’s or seller’s market?

Seller’s market As of 2026-08-31 · Source: Redfin

ZIP 08501 is a seller’s market. With about 1.7 months of supply and 62% of homes selling above list, expect competing offers on well-priced homes. Buyers here typically need a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.7Under 4 months = seller’s market

Sold above list61.5%Share of recent sales

Median sale-to-list101.8%Sold price ÷ list price

Median days on market24Listing to accepted offer

Median price per sq ft$312▲ +5.0% vs. last year

Run the numbers for 08501

Prefilled for 08501Can 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 07701 07701Seller’s market $472 /sq ft ZIP 07702 07702Seller’s market $497 /sq ft ZIP 07704 07704Seller’s market $778 /sq ft ZIP 07711 07711Buyer’s market $2,523 /sq ft Browse all markets →

Market data describes housing activity only.