Is 07014, 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, 07014 was a Seller's Market.
Housing Prices in 07014, NJ
How much do homes in 07014, NJ cost?
Median Sold Price
$486,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07014 was $486,500 in March 2024, up 10.6% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $256.5K | - | N/A |
2 Bedrooms | $375K | $415K | +10.7% |
3 Bedrooms | $480K | $500.5K | +4.3% |
4 Bedrooms | $690K | $615K | -10.9% |
5+ Bedrooms | - | $851K | N/A |
Summary: 07014 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
07014 | $440K | $486.5K | +10.6% |
07110 | $524.2K | $562K | +7.2% |
Housing Supply in 07014, NJ
How many homes are available in 07014, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Summary: The 07014 real estate market had 14 homes for sale in March 2024, a 40.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The 07014 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 07014 in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 07014, NJ
How long does it take to sell a home in 07014, NJ?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in 07014; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.