Is 07060, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 07060 has remained a Seller's Market.
Housing Prices in 07060, NJ
How much do homes in 07060, NJ cost?
Median Sold Price
$450,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07060 was $450,000 in April 2024, up 10% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $210K | +31.3% |
2 Bedrooms | $348.5K | $357.4K | +2.6% |
3 Bedrooms | $381K | $430K | +12.9% |
4 Bedrooms | $450.5K | $500K | +11.0% |
5+ Bedrooms | $537.5K | $620K | +15.3% |
Summary: 07060 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 15.3%.
Housing Supply in 07060, NJ
How many homes are available in 07060, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 75 | +8.7% |
Summary: The 07060 real estate market had 75 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The 07060 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 07060 in April 2024, up by 16.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% were sold over asking.
Days on Market for 07060, NJ
How long does it take to sell a home in 07060, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 138 Days | +111.0% |
Summary: Homes in 07060 had an average of 138 days on market in Apr 2024, up by 111% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in 07060; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.