Is 07013, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 07013 has remained a Seller's Market.
Housing Prices in 07013, NJ
How much do homes in 07013, NJ cost?
Median Sold Price
$538,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07013 was $538,000 in March 2024, up 13.7% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.5K | $300K | +18.8% |
2 Bedrooms | $425K | $460K | +8.2% |
3 Bedrooms | $510K | $540K | +5.9% |
4 Bedrooms | $550K | $623.5K | +13.4% |
5+ Bedrooms | $730K | $649.5K | -11.0% |
Summary: 07013 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Zip Codes
07043 | $1.1M | $1.4M | +20.3% |
07013 | $473.1K | $538K | +13.7% |
07011 | $449.9K | $465K | +3.3% |
Housing Supply in 07013, NJ
How many homes are available in 07013, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 60 | +25.0% |
Summary: The 07013 real estate market had 60 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 07013 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 07013 in March 2024, up by 44.4% month-over-month. Of the 13 sold homes, 8% were sold under asking, 15% were sold at asking, and 77% were sold over asking.
Days on Market for 07013, NJ
We’re sorry, we don't have information for this market at the moment