Is ZIP 08848, NJ 08848 a buyer’s or seller’s market?

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

ZIP 08848 is a seller’s market. With about 1.3 months of supply and 50% 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 supply1.3Under 4 months = seller’s market

Sold above list50%Share of recent sales

Median sale-to-list101.3%Sold price ÷ list price

Median days on market33Listing to accepted offer

Median price per sq ft$270▼ −7.8% vs. last year

Run the numbers for 08848

Prefilled for 08848Can 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 08551 08551Seller’s market $314 /sq ft ZIP 08559 08559Balanced $345 /sq ft Browse all markets →

Market data describes housing activity only.