Housing Prices in 07024, NJ
How much do homes in 07024, NJ cost?
Median List Price
$459,500
$498/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 07024 has increased by 76.7% since last year.
Summary: The median home list price in 07024 was $459,500 in March 2024, up 76.7% from the previous year, and the median price per square foot was $498.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.5K | $296.5K | +65.2% |
| 2 Bedrooms | $257.4K | $389.9K | +51.4% |
| 3 Bedrooms | $629.9K | $1.0M | +59.5% |
| 4 Bedrooms | $749.5K | $1.5M | +100.1% |
| 5+ Bedrooms | $1.0M | $1.8M | +76.3% |
Summary: 07024 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65.2%, 2 bedroom homes increased by 51.4%, 3 bedroom homes increased by 59.5%, 4 bedroom homes increased by 100.1%, and 5+ bedroom homes increased by 76.3%.
Housing Supply in 07024, NJ
How many homes are available in 07024, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 94 | +56.7% |
Summary: The 07024 real estate market had 94 homes for sale in March 2024, a 56.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 22 | +175.0% |
| 2 Bedrooms | 25 | 33 | +32.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The 07024 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 175%, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 54.5%.
Days on Market for 07024, NJ
How long does it take to sell a home in 07024, NJ?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 270 Days | 87 Days | -67.5% |
Summary: Homes in 07024 had an average listing age of 87 days in Mar 2024, down by 67.5% compared to the previous year.
