Real Estate Market Update for 08857 (Old Bridge, NJ)
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 46% from one year earlier, and down 24% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 2%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 350-thousand dollars. The number of units sold increased 63% year-over-year, and increased 86% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 08857 (Old Bridge, NJ)
Area Information for 08857 (Old Bridge, NJ)
  • Population: 41,153
  • Median Age: 41.44 yr
  • Median Commute Time: 40 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 1,694/sq mi
  • Population Change Since 2000: 12.28%
  • Closest Airport: Newark Liberty International
  • Closest College: Rabbi Jacob Joseph School
  • Closest Jr. College: Middlesex County College
  • Median Household Income: $89,980
  • Annual Residential Turnover: 6%
  • Median Home Sales Price: $309,000
  • Closest Major Sports Team: Lakewood Blueclaws (a)
  • Change Avg. Household Income Since 2000: 39.69%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 08857 (Old Bridge, NJ)
Median Age: 41.44 Married: 45% Number of Households: 14,913 Households with Children: 4,714
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 08857 (Old Bridge, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      M. Scott Carpenter Elementary School 0.4 mi Public K-5 4 0
      Virgil Grissom Elementary School 0.5 mi Public K-5 4 0
      St. Ambrose School 0.7 mi Catholic PRESCHOOL-8 0 0
      Walter M. Schirra Elementary School 0.8 mi Public K-5 5 5
      Alan B. Shepard Elementary School 0.9 mi Public K-5 2 0
      Calvary Christian School 1.0 mi Private PRESCHOOL-12 0 0
      Kindercare Learning Center 1.0 mi Private PRESCHOOL-K 0 0
      Good Shepherd Childrens Center 1.3 mi Private PRESCHOOL-K 0 0
      Southwood Elementary School 1.4 mi Public K-5 3 0
      Tutor Time Child Care Learning 1.4 mi Private - 0 0
      Apple Hill Academy Learning Center 1.4 mi Private PRESCHOOL-K 0 0
      Carl Sandburg Middle School 1.5 mi Public 6-8 3 0
      St Thomas The Apostle School 1.5 mi Catholic PRESCHOOL-8 0 0
      Kids Count Child Center 1.6 mi Private PRESCHOOL-K 0 0
      Raymond E. Voorhees Elementary School 1.7 mi Public K-5 3 3
      James Mc Divitt Elementary School 1.8 mi Public PRESCHOOL-5 4 0
      William A. Miller Elementary School 1.8 mi Public K-5 3 0
      Goddard School Of Old Bridge 1.9 mi Private PRESCHOOL-K 0 0
      Jonas Salk Middle School 2.2 mi Public 6-8 3 0
      Baytul Iman Preschool 4.3 mi Private PRESCHOOL-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 08857 (Old Bridge, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.