Is ZIP 08840, NJ 08840 a buyer’s or seller’s market?

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

ZIP 08840 is a seller’s market. With about 2.3 months of supply and 73% 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 supply2.3Under 4 months = seller’s market

Sold above list72.7%Share of recent sales

Median sale-to-list106.1%Sold price ÷ list price

Median days on market57Listing to accepted offer

Median price per sq ft$466▲ +6.1% vs. last year

Run the numbers for 08840

Prefilled for 08840Can 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 07001 07001Seller’s market $429 /sq ft ZIP 07008 07008Balanced $355 /sq ft ZIP 07064 07064Balanced $428 /sq ft ZIP 07067 07067Seller’s market $393 /sq ft Browse all markets →

Market data describes housing activity only.