Is 07063, 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, 07063 was a Seller's Market.
Housing Prices in 07063, NJ
How much do homes in 07063, NJ cost?
Median Sold Price
$452,250
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07063 was $452,250 in April 2024, up 17.5% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | - | N/A |
2 Bedrooms | $335K | $275K | -17.9% |
3 Bedrooms | $380K | $440K | +15.8% |
4 Bedrooms | $421K | $480K | +14.0% |
5+ Bedrooms | $430K | $548.7K | +27.6% |
Summary: 07063 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 decreased by 17.9%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 27.6%.
Housing Supply in 07063, NJ
How many homes are available in 07063, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 37 | -9.8% |
Summary: The 07063 real estate market had 37 homes for sale in April 2024, a 9.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 20 | 17 | -15.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 07063 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 remained the same, 3 bedroom homes decreased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 07063 in April 2024, down by 58.3% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07063, NJ
How long does it take to sell a home in 07063, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 38 Days | +338.5% |
Summary: Homes in 07063 had an average of 38 days on market in Apr 2024, up by 338.5% 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 April 2024, 5 homes were sold in 07063; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.