Is Deepwater, NJ 08023 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Deepwater is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Deepwater housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Salem County, NJ

Population	375
Median income	$65,944
Average income	$65,201
Median home value	$149,100
Median rent	$2,141/month
Owner-occupied	37% of homes
Median year built	1953

Natural hazard riskFlooding (very high), winter storms (relatively high), extreme heat (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 08023; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 08023

Prefilled for 08023Can I win this house?Multiple-offer likelihood for a listing Prefilled for 08023Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alloway 08001Seller’s market $94 /sq ft Elmer 08318Seller’s market $198 /sq ft Hancocks Bridge 08038 — /sq ft Monroeville 08343Seller’s market $221 /sq ft Browse all markets →

Where Deepwater is

Loading map…

Questions about Deepwater real estate

What are property taxes in Deepwater?

About 2.74% of a home’s value a year in Salem County, where towns range from 1.06% to 4.50%, or roughly $10,960 on a $400,000 home.

Local agents

See all agents in 08023 →

No sponsored agents in 08023 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 08023

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Salem County property taxes Salem County loan limits Closing costs in New Jersey Hottest ZIP codes in New Jersey

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="08023"><a href="https://offerbacked.com/market/08023">Deepwater, NJ 08023 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology