Housing Prices in 07020, NJ
How much do homes in 07020, NJ cost?
Median List Price
$926,000
$369/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 07020 has increased by 111.9% since last year.
Summary: The median home list price in 07020 was $926,000 in March 2024, up 111.9% from the previous year, and the median price per square foot was $369.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $379K | $449K | +18.5% |
| 2 Bedrooms | $504K | $645K | +28.0% |
| 3 Bedrooms | $424.5K | $1.2M | +200.4% |
| 4 Bedrooms | $1.3M | $1.8M | +41.0% |
| 5+ Bedrooms | - | $2.6M | N/A |
Summary: 07020 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 200.4%, 4 bedroom homes increased by 41%, and 5+ bedroom homes did not change.
Housing Supply in 07020, NJ
How many homes are available in 07020, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 45 | +50.0% |
Summary: The 07020 real estate market had 45 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 5 | 14 | +180.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 07020 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 180%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Days on Market for 07020, NJ
How long does it take to sell a home in 07020, NJ?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 141 Days | 86 Days | -38.5% |
Summary: Homes in 07020 had an average listing age of 86 days in Mar 2024, down by 38.5% compared to the previous year.
