Housing Prices in 07088, NJ
How much do homes in 07088, NJ cost?
Median List Price
$372,000
$229/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 07088 has decreased by 5.7% since last year.
Summary: The median home list price in 07088 was $372,000 in March 2024, down 5.7% from the previous year, and the median price per square foot was $229.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $329K | +9.7% |
| 3 Bedrooms | $415K | $379K | -8.7% |
| 4 Bedrooms | - | $438.9K | N/A |
| 5+ Bedrooms | $330K | $567K | +71.8% |
Summary: 07088 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 9.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 71.8%.
Housing Supply in 07088, NJ
How many homes are available in 07088, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The 07088 real estate market had 10 homes for sale in March 2024, a 42.9% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 07088 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 33.3%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for 07088, NJ
How long does it take to sell a home in 07088, NJ?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 151 Days | 75 Days | -50.2% |
Summary: Homes in 07088 had an average listing age of 75 days in Mar 2024, down by 50.2% compared to the previous year.
