Is 07017, 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, 07017 has remained a Buyer's Market.
Housing Prices in 07017, NJ
How much do homes in 07017, NJ cost?
Median Sold Price
$440,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07017 was $440,000 in April 2024, up 15.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170.2K | $182.5K | +7.2% |
2 Bedrooms | $210K | $265K | +26.2% |
3 Bedrooms | $367.9K | $440K | +19.6% |
4 Bedrooms | $428K | $452.5K | +5.7% |
5+ Bedrooms | $445K | $475K | +6.7% |
Summary: 07017 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Zip Codes
07017 | $380K | $440K | +15.8% |
07028 | $890K | $990.9K | +11.3% |
07018 | $343K | $370K | +7.9% |
Housing Supply in 07017, NJ
How many homes are available in 07017, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 100 | +12.4% |
Summary: The 07017 real estate market had 100 homes for sale in April 2024, a 12.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 4 | 9 | +125.0% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 44 | 50 | +13.6% |
Summary: The 07017 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 125%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 8 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 07017 in April 2024, down by 50.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07017, NJ
We’re sorry, we don't have information for this market at the moment