Is Malaga, NJ 08328 a buyer’s or seller’s market?
Malaga is a seller’s market. With about 1.6 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Malaga housing market right now
In the three months ending August 31, 2026, 25% of homes in Malaga, NJ 08328 sold above their list price, the typical home went under contract in 23 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (67 days then) and the median sale price fell 10% to $297,371. Overall, Malaga is more competitive than a year ago, so tougher for buyers.
Within Gloucester County, homes here sell faster than in 82% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Bridgeport 08014 (100% sold over asking) and Gibbstown 08027 (63% sold over asking) are even more competitive.
Run the numbers for 08328
Nearby markets
Bridgeport 08014Buyer’s market $253 /sq ftClarksboro 08020Balanced $242 /sq ftClayton 08312Seller’s market $208 /sq ftDeptford 08096Seller’s market $222 /sq ft Browse all markets →Towns like Malaga nearby
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Questions about Malaga real estate
Is Malaga a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Malaga, NJ 08328 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Malaga?
The typical home went under contract in 23 days in the latest three months.
Do homes in Malaga sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 104.0% of the list price.
What are property taxes in Malaga?
About 2.41% of a home’s value a year in Gloucester County, where towns range from 1.49% to 3.25%, or roughly $9,648 on a $400,000 home.
What is the median home price in Malaga?
The median sale price was $297,371 in the three months ending August 31, 2026, about $247 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology