Is 07403, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 07403 was a Buyer's Market.
Key Takeaway
07403 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07403, NJ
How much do homes in 07403, NJ cost?
Median Sold Price
$480,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07403 have sold for 14.3% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | - | N/A |
| 2 Bedrooms | $342.5K | $405.5K | +18.4% |
| 3 Bedrooms | $435K | $454.5K | +4.5% |
| 4 Bedrooms | $425K | $505K | +18.8% |
| 5+ Bedrooms | $552.5K | $762.4K | +38.0% |
Summary: 07403 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Zip Codes
| 07442 | $415K | $475K | +14.5% |
| 07403 | $419.9K | $480K | +14.3% |
| 07457 | $375K | $420K | +12.0% |
| 07420 | $390K | $427.5K | +9.6% |
| 07465 | $430K | $470K | +9.3% |
Housing Supply in 07403, NJ
How many homes are available in 07403, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The 07403 real estate market had 22 homes for sale in April 2024, a 4.8% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 07403 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 remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07403, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07403 in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07403, NJ
We’re sorry, we don't have information for this market at the moment
