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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.9K | $214.9K | +34.4% |
2 Bedrooms | $200K | $269K | +34.5% |
3 Bedrooms | $327K | $390K | +19.3% |
4 Bedrooms | $399K | $455.4K | +14.1% |
5+ Bedrooms | $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%.
Housing Supply in 07201, NJ
How many homes are available in 07201, NJ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
31 | 45 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 20 | 32 | +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 2023 | Feb 2024 | CHANGE |
---|---|---|
161 Days | 110 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.