Is 07090, 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, 07090 has remained a Seller's Market.
Key Takeaway
07090 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07090, NJ
How much do homes in 07090, NJ cost?
Median Sold Price
$1,150,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07090 have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in 07090 was $1,150,000 in April 2024, up 19.3% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $335K | +67.5% |
| 2 Bedrooms | $537K | $500K | -6.9% |
| 3 Bedrooms | $730K | $770K | +5.5% |
| 4 Bedrooms | $975K | $1.1M | +22.2% |
| 5+ Bedrooms | $1.5M | $1.6M | +8.1% |
Summary: 07090 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.5%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 8.1%.
Housing Supply in 07090, NJ
How many homes are available in 07090, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 112 | +30.2% |
Summary: The 07090 real estate market had 112 homes for sale in April 2024, a 30.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 34 | 48 | +41.2% |
Summary: The 07090 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 decreased by 14.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07090, you could pay more than the asking price. 78.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 07090 in April 2024, down by 17.4% month-over-month. Of the 19 sold homes, 16% were sold under asking, 5% were sold at asking, and 79% were sold over asking.
Days on Market for 07090, NJ
We’re sorry, we don't have information for this market at the moment
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Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.