Housing Prices in 07201, NJ

How much do homes in 07201, NJ cost?

Median List Price

$485,000

$313/sqft

Based on all homes listed in the last 12 months.

Difference Since February 2023

+$135,500(+38.8%)

Key Takeaway

The list price of homes in 07201 has increased by 38.8% since last year.

Summary: The median home list price in 07201 was $485,000 in February 2024, up 38.8% from the previous year, and the median price per square foot was $313.

Median List Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $159.9K$214.9K
+34.4%
2 $200K$269K
+34.5%
3 $327K$390K
+19.3%
4 $399K$455.4K
+14.1%
5+ $450K$745K
+65.6%

Summary: 07201 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.4%, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 65.6%.

Median List Price Compared To Nearby Zip Codes

07114
+46.4%
07201
+38.8%
07206
+36.6%
07202
+25.4%
07208
+9.2%

Housing Supply in 07201, NJ

How many homes are available in 07201, NJ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3145+45.2%

Summary: The 07201 real estate market had 45 homes for sale in February 2024, a 45.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 21
-50.0%
3 65
-16.7%
4 36
+100.0%
5+ 2032
+60.0%

Summary: The 07201 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 60%.

Days on Market for 07201, NJ

How long does it take to sell a home in 07201, NJ?

Average Listing Age

Feb 2023Feb 2024CHANGE
161 Days110 Days-31.4%

Summary: Homes in 07201 had an average listing age of 110 days in Feb 2024, down by 31.4% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in 07201, NJ

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