Is ZIP 08551, NJ 08551 a buyer’s or seller’s market?

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

ZIP 08551 is a seller’s market. With about 1 months of supply and 58% 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 supply1Under 4 months = seller’s market

Sold above list57.7%Share of recent sales

Median sale-to-list102.2%Sold price ÷ list price

Median days on market26Listing to accepted offer

Median price per sq ft$314▲ +2.7% vs. last year

Run the numbers for 08551

Prefilled for 08551Can 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 07830 07830Seller’s market $297 /sq ft ZIP 08530 08530Seller’s market $392 /sq ft ZIP 08559 08559Balanced $345 /sq ft ZIP 08801 08801Seller’s market $290 /sq ft Browse all markets →

Market data describes housing activity only.