Is 07410, 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, 07410 was a Seller's Market.
Key Takeaway
07410 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07410, NJ
How much do homes in 07410, NJ cost?
Median Sold Price
$590,000
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07410 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 07410 was $590,000 in April 2024, up 1.8% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | - | N/A |
| 2 Bedrooms | $412.5K | $307.5K | -25.5% |
| 3 Bedrooms | $520K | $565K | +8.7% |
| 4 Bedrooms | $585.5K | $610.5K | +4.3% |
| 5+ Bedrooms | $777.5K | $884.7K | +13.8% |
Summary: 07410 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 decreased by 25.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Zip Codes
| 07407 | $455K | $480.7K | +5.7% |
| 07410 | $579.5K | $590K | +1.8% |
Housing Supply in 07410, NJ
How many homes are available in 07410, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 34 | +36.0% |
Summary: The 07410 real estate market had 34 homes for sale in April 2024, a 36.0% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 07410 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 increased by 200%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07410, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 07410 in April 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 07410, NJ
How long does it take to sell a home in 07410, NJ?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 07410 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 07410; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
