Is 07036, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 07036 was a Seller's Market.
Housing Prices in 07036, NJ
How much do homes in 07036, NJ cost?
Median Sold Price
$490,000
$429/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07036 was $490,000 in March 2024, up 12.3% from last year, and the median price per square foot was $429.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $210K | +13.5% |
2 Bedrooms | $329K | $347.5K | +5.6% |
3 Bedrooms | $443.7K | $501.5K | +13.0% |
4 Bedrooms | $515K | $547.5K | +6.3% |
5+ Bedrooms | $648.7K | $635K | -2.1% |
Summary: 07036 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in 07036, NJ
How many homes are available in 07036, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 117 | +5.4% |
Summary: The 07036 real estate market had 117 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 48 | 49 | +2.1% |
4 Bedrooms | 32 | 35 | +9.4% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 07036 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 decreased by 8.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 16 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 07036 in March 2024, down by 27.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 6% were sold at asking, and 63% were sold over asking.
Days on Market for 07036, NJ
How long does it take to sell a home in 07036, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 53 Days | +120.8% |
Summary: Homes in 07036 had an average of 53 days on market in Mar 2024, up by 120.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 07036; 0% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.