Is 07095, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 07095 has remained a Seller's Market.
Housing Prices in 07095, NJ
How much do homes in 07095, NJ cost?
Median Sold Price
$430,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07095 was $430,000 in March 2024, up 19.4% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $250K | +11.1% |
2 Bedrooms | $307K | $325K | +5.9% |
3 Bedrooms | $400K | $460K | +15.0% |
4 Bedrooms | $452.5K | $550K | +21.5% |
5+ Bedrooms | $539K | $600K | +11.3% |
Summary: 07095 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 11.3%.
Housing Supply in 07095, NJ
How many homes are available in 07095, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 49 | -3.9% |
Summary: The 07095 real estate market had 49 homes for sale in March 2024, a 3.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 20 | 16 | -20.0% |
3 Bedrooms | 19 | 18 | -5.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07095 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 07095 in March 2024, up by 33.3% month-over-month. Of the 16 sold homes, 6% were sold under asking, 13% were sold at asking, and 81% were sold over asking.
Days on Market for 07095, NJ
How long does it take to sell a home in 07095, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 38 Days | +3.2% |
Summary: Homes in 07095 had an average of 38 days on market in Mar 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 07095; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.