Is 07009, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 07009 has remained a Seller's Market.
Housing Prices in 07009, NJ
How much do homes in 07009, NJ cost?
Median Sold Price
$675,000
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07009 was $675,000 in April 2024, up 5.5% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252K | $265K | +5.2% |
2 Bedrooms | $562.5K | $515K | -8.4% |
3 Bedrooms | $629K | $622.5K | -1.0% |
4 Bedrooms | $690K | $762K | +10.4% |
5+ Bedrooms | $775K | $950K | +22.6% |
Summary: 07009 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 22.6%.
Housing Supply in 07009, NJ
How many homes are available in 07009, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Summary: The 07009 real estate market had 35 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 07009 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 07009 in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for 07009, NJ
We’re sorry, we don't have information for this market at the moment