08069 — Salem County, New Jersey Market Snapshot
Housing market data for zip code 08069 in Salem County, New Jersey. Updated monthly with median prices, days on market, and more.
Market Sales Data
29 sales in 2026 (year to date)
Median Sale Price
$256,000
Days to Sell
71
Homes Sold
29
Inventory
47
Sale-to-List
100.6%
New Listings
49
Price/SqFt
$182
Pending Sales
35
Conforming Loan Available
Most homebuyers in 08069 can comfortably use conventional financing. The median home price of $256,000 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
With homes sitting for 71 days on average, 08069 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 08069 (100.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 08069 can comfortably use conventional financing. The median home price of $256,000 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 08069 are set at the county level.
2026 Loan Limits — Salem 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 08069
To purchase the median home at $256,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,111.
Monthly Payment
$2,111
Income Required
$90,488
Principal & Interest
$1,577/mo
Down Payment (5%)
$12,800
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 08069.
Estimated Monthly Payment
$1,734
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