Housing Prices in 07071, NJ
How much do homes in 07071, NJ cost?
Median List Price
$549,947
$380/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in 07071 has increased by 10% since last year.
Summary: The median home list price in 07071 was $549,947 in April 2024, up 10% from the previous year, and the median price per square foot was $380.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $297.5K | +19.0% |
| 2 Bedrooms | $436.8K | $459K | +5.1% |
| 3 Bedrooms | $525K | $549.9K | +4.8% |
| 4 Bedrooms | $514.5K | $629K | +22.3% |
| 5+ Bedrooms | $595K | $800K | +34.5% |
Summary: 07071 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 34.5%.
Housing Supply in 07071, NJ
How many homes are available in 07071, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 26 | +136.4% |
Summary: The 07071 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 | 2 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 5 | 13 | +160.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 07071 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 increased by 200%, 3 bedroom homes increased by 160%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 100%.
Days on Market for 07071, NJ
How long does it take to sell a home in 07071, NJ?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 95 Days | 35 Days | -62.9% |
Summary: Homes in 07071 had an average listing age of 35 days in Apr 2024, down by 62.9% compared to the previous year.
