Is 07039, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 07039 was a Seller's Market.
Housing Prices in 07039, NJ
How much do homes in 07039, NJ cost?
Median Sold Price
$978,333
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07039 was $978,333 in April 2024, up 20.8% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $826K | - | N/A |
2 Bedrooms | $535K | $602.5K | +12.6% |
3 Bedrooms | $640K | $700K | +9.4% |
4 Bedrooms | $835K | $961K | +15.1% |
5+ Bedrooms | $1.4M | $1.5M | +10.3% |
Summary: 07039 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 increased by 12.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 10.3%.
Housing Supply in 07039, NJ
How many homes are available in 07039, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 139 | +31.1% |
Summary: The 07039 real estate market had 139 homes for sale in April 2024, a 31.1% 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 | 10 | 11 | +10.0% |
3 Bedrooms | 12 | 24 | +100.0% |
4 Bedrooms | 17 | 22 | +29.4% |
5+ Bedrooms | 67 | 82 | +22.4% |
Summary: The 07039 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 increased by 10%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 22.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 07039 in April 2024, up by 6.7% month-over-month. Of the 16 sold homes, 25% were sold under asking, 6% were sold at asking, and 69% were sold over asking.
Days on Market for 07039, NJ
We’re sorry, we don't have information for this market at the moment