08098 — Gloucester County, New Jersey Market Snapshot
Housing market data for zip code 08098 in Gloucester County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$393,500
Days to Sell
41
Homes Sold
16
Inventory
25
Sale-to-List
99.9%
New Listings
37
Price/SqFt
$226
Pending Sales
26
Conforming Loan Available
Most homebuyers in 08098 can comfortably use conventional financing. The median home price of $393,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
08098's market is balanced with homes taking an average of 41 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 08098 (99.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 08098 can comfortably use conventional financing. The median home price of $393,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 08098 are set at the county level.
2026 Loan Limits — Gloucester County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $630,200 |
| 2 Units | $1,066,250 | $806,750 |
| 3 Units | $1,288,800 | $975,200 |
| 4 Units | $1,601,750 | $1,211,950 |
Affordability Snapshot — Zip 08098
To purchase the median home at $393,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,165.
Monthly Payment
$3,165
Income Required
$135,637
Principal & Interest
$2,425/mo
Down Payment (5%)
$19,675
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 08098.
Estimated Monthly Payment
$2,585
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 08098. Tell us what you're looking for.