08858 ZIP Code Housing Market
$867,500median sale price
Quick answer: The median home sale price in ZIP code 08858 is $867,500, up 47.7% year-over-year. Homes sell in an average of 25 days. The market is currently a balanced market.
08858 market data
| Metric | Value |
|---|---|
| Median sale price | $867,500 |
| Year-over-year price change | +47.7% |
| Average days on market | 25 days |
| Sale-to-list price ratio | 100.9% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The 08858 zip code, located in Andover, NJ, is currently classified as a balanced market. The median sale price stands at $867,500, representing a +47.7% change year over year. Homes in this area spend an average of 25 days on the market before going under contract.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 08858 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
2
Last 12 weeks
Days on market
25
Average pace
Active listings
—
Sale-to-list
100.9%
Above asking
Market trends
Market analysis for 08858
The 08858 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 100.9% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 08858 have increased +47.7% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
Community profile
Population
20
Owner-occupied
10000.0%
College grads
10000.0%
Living in 08858
Zip code 08858 is home to approximately 20 residents. Approximately 10000.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 10000.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 08858.
Frequently asked questions about 08858
What is the median home price in 08858?
The current median sale price in 08858 is $867,500, based on recent Redfin transaction data. Prices have changed +47.7% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 08858 a buyer's or seller's market?
The 08858 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 08858?
Zip code 08858 has a population of approximately 20 residents. About 10000.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 08858?
Properties Incorporated provides comprehensive data for 08858 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 08858 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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