Is 07023, 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, 07023 has remained a Seller's Market.
Housing Prices in 07023, NJ
How much do homes in 07023, NJ cost?
Median Sold Price
$675,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07023 was $675,000 in March 2024, up 11.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $390K | $412.5K | +5.8% |
3 Bedrooms | $581K | $658.5K | +13.3% |
4 Bedrooms | $650K | $737.5K | +13.5% |
5+ Bedrooms | $949.5K | $685.5K | -27.8% |
Summary: 07023 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 5.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 27.8%.
Median Sold Price Compared To Nearby Zip Codes
07076 | $651.6K | $750K | +15.1% |
07023 | $607K | $675K | +11.2% |
Housing Supply in 07023, NJ
How many homes are available in 07023, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Summary: The 07023 real estate market had 22 homes for sale in March 2024, a 46.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 07023 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 increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 07023 in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07023, NJ
We’re sorry, we don't have information for this market at the moment