Is 07011, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 07011 was a Seller's Market.
Housing Prices in 07011, NJ
How much do homes in 07011, NJ cost?
Median Sold Price
$465,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07011 was $465,000 in March 2024, up 3.3% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $237.5K | +31.9% |
2 Bedrooms | $362K | $390K | +7.7% |
3 Bedrooms | $460K | $470K | +2.2% |
4 Bedrooms | $470K | $500.5K | +6.5% |
5+ Bedrooms | $535K | $590K | +10.3% |
Summary: 07011 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Zip Codes
07013 | $473.1K | $538K | +13.7% |
07011 | $449.9K | $465K | +3.3% |
Housing Supply in 07011, NJ
How many homes are available in 07011, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 64 | +28.0% |
Summary: The 07011 real estate market had 64 homes for sale in March 2024, a 28.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The 07011 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 07011 in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07011, NJ
How long does it take to sell a home in 07011, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 07011; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.