Is 07070, 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, 07070 was a Seller's Market.
Housing Prices in 07070, NJ
How much do homes in 07070, NJ cost?
Median Sold Price
$730,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $236.5K | $212K | -10.4% |
2 Bedrooms | $319.9K | $480K | +50.0% |
3 Bedrooms | $580K | $682.5K | +17.7% |
4 Bedrooms | $710.5K | $806.6K | +13.5% |
5+ Bedrooms | $726K | $1.1M | +59.8% |
Summary: 07070 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 59.8%.
Housing Supply in 07070, NJ
How many homes are available in 07070, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 26 | +136.4% |
Summary: The 07070 real estate market had 26 homes for sale in April 2024, a 136.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 0 | 3 | +100.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 4 | 10 | +150.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The 07070 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 07070 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07070, NJ
We’re sorry, we don't have information for this market at the moment