Is 07110, 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, 07110 has remained a Seller's Market.
Key Takeaway
07110 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07110, NJ
How much do homes in 07110, NJ cost?
Median Sold Price
$572,500
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07110 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 07110 was $572,500 in April 2024, up 9% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213K | $229K | +7.5% |
| 2 Bedrooms | $470K | $525K | +11.7% |
| 3 Bedrooms | $523.5K | $550K | +5.1% |
| 4 Bedrooms | $617K | $693K | +12.3% |
| 5+ Bedrooms | $717.5K | $810K | +12.9% |
Summary: 07110 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in 07110, NJ
How many homes are available in 07110, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 78 | +30.0% |
Summary: The 07110 real estate market had 78 homes for sale in April 2024, a 30.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 9 | 18 | +100.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 07110 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07110, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in 07110 in April 2024, the same as the previous month. Of the 14 sold homes, 21% were sold under asking, 0% were sold at asking, and 79% were sold over asking.
Days on Market for 07110, NJ
We’re sorry, we don't have information for this market at the moment
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