Is 07021, 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, 07021 has remained a Buyer's Market.
Key Takeaway
07021 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07021, NJ
How much do homes in 07021, NJ cost?
Median Sold Price
$1,400,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07021 have sold for 59.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $582.5K | $525K | -9.9% |
| 3 Bedrooms | $701K | - | N/A |
| 4 Bedrooms | $945.9K | $1.2M | +32.1% |
| 5+ Bedrooms | $1.6M | $1.8M | +12.3% |
Summary: 07021 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in 07021, NJ
How many homes are available in 07021, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The 07021 real estate market had 11 homes for sale in April 2024, a 37.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 07021 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07021, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 07021 in April 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 07021, NJ
We’re sorry, we don't have information for this market at the moment
