Is 07043, 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, 07043 was a Seller's Market.
Housing Prices in 07043, NJ
How much do homes in 07043, NJ cost?
Median Sold Price
$1,400,000
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07043 was $1,400,000 in March 2024, up 20.3% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $300K | +9.1% |
2 Bedrooms | $425K | $475K | +11.8% |
3 Bedrooms | $765K | $924K | +20.8% |
4 Bedrooms | $1.0M | $1.2M | +21.0% |
5+ Bedrooms | $1.6M | $1.6M | +0.6% |
Summary: 07043 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in 07043, NJ
How many homes are available in 07043, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 31 | +40.9% |
Summary: The 07043 real estate market had 31 homes for sale in March 2024, a 40.9% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 0 | 0 | 0.0% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 9 | 17 | +88.9% |
Summary: The 07043 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 remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 88.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 07043 in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07043, NJ
We’re sorry, we don't have information for this market at the moment