Is 07059, 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, 07059 was a Seller's Market.
Housing Prices in 07059, NJ
How much do homes in 07059, NJ cost?
Median Sold Price
$1,084,824
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07059 was $1,084,824 in March 2024, up 16.3% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295K | - | N/A |
2 Bedrooms | $485K | $533K | +9.9% |
3 Bedrooms | $650K | $1.0M | +63.0% |
4 Bedrooms | $880K | $916K | +4.1% |
5+ Bedrooms | $1.3M | $1.5M | +15.8% |
Summary: 07059 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 9.9%, 3 bedroom homes increased by 63%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Zip Codes
07059 | $932.5K | $1.0M | +16.3% |
07946 | $652.2K | $725K | +11.2% |
07920 | $707.8K | $774K | +9.3% |
08836 | $750K | $715K | -4.7% |
Housing Supply in 07059, NJ
How many homes are available in 07059, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 57 | +26.7% |
Summary: The 07059 real estate market had 57 homes for sale in March 2024, a 26.7% 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 | 4 | 5 | +25.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 18 | 25 | +38.9% |
Summary: The 07059 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 38.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 07059 in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for 07059, NJ
We’re sorry, we don't have information for this market at the moment