Is ZIP 08740, NJ 08740 a buyer’s or seller’s market?

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

ZIP 08740 is a seller’s market. With about 1.9 months of supply and 33% 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 supply1.9Under 4 months = seller’s market

Sold above list33.3%Share of recent sales

Median sale-to-list100.4%Sold price ÷ list price

Median days on market23Listing to accepted offer

Median price per sq ft$374▲ +15.7% vs. last year

Run the numbers for 08740

Prefilled for 08740Can 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 08005 08005Seller’s market $267 /sq ft ZIP 08006 08006Balanced $1,049 /sq ft ZIP 08008 08008Balanced $1,112 /sq ft ZIP 08050 08050Seller’s market $327 /sq ft Browse all markets →

Market data describes housing activity only.