Is 07416, 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, 07416 has remained a Seller's Market.
Housing Prices in 07416, NJ
How much do homes in 07416, NJ cost?
Median Sold Price
$325,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07416 was $325,000 in April 2024, up 22.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $237.5K | $275K | +15.8% |
3 Bedrooms | $280K | $300K | +7.1% |
4 Bedrooms | $384.4K | $430K | +11.9% |
5+ Bedrooms | $505K | $535K | +5.9% |
Summary: 07416 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 15.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Zip Codes
07416 | $265K | $325K | +22.6% |
07419 | $320K | $340K | +6.3% |
07848 | $437.3K | $435K | -0.5% |
Housing Supply in 07416, NJ
How many homes are available in 07416, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 32 | +23.1% |
Summary: The 07416 real estate market had 32 homes for sale in April 2024, a 23.1% 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 | 4 | +100.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 07416 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 100%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 07416 in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for 07416, NJ
We’re sorry, we don't have information for this market at the moment