Is ZIP 08742, NJ 08742 a buyer’s or seller’s market?

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

ZIP 08742 is a seller’s market. With about 2.4 months of supply and 40% 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 supply2.4Under 4 months = seller’s market

Sold above list39.5%Share of recent sales

Median sale-to-list100.7%Sold price ÷ list price

Median days on market22Listing to accepted offer

Median price per sq ft$556▲ +6.4% vs. last year

Run the numbers for 08742

Prefilled for 08742Can 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.