Is ZIP 08722, NJ 08722 a buyer’s or seller’s market?
ZIP 08722 is a seller’s market. With about 2.2 months of supply and 53% 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 supply2.2Under 4 months = seller’s market
Sold above list53.1%Share of recent sales
Median sale-to-list100.5%Sold price ÷ list price
Median days on market17Listing to accepted offer
Median price per sq ft$320▲ +7.0% vs. last year
Run the numbers for 08722
Nearby markets
ZIP 08005 08005Seller’s market $267 /sq ftZIP 08006 08006Balanced $1,049 /sq ftZIP 08008 08008Balanced $1,112 /sq ftZIP 08050 08050Seller’s market $327 /sq ft Browse all markets →Market data describes housing activity only.