Is 07423, 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, 07423 has remained a Seller's Market.
Key Takeaway
07423 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07423, NJ
How much do homes in 07423, NJ cost?
Median Sold Price
$1,277,500
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07423 have sold for 27.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $838K | $825K | -1.6% |
| 4 Bedrooms | $1.1M | $1.2M | +11.1% |
| 5+ Bedrooms | $1.5M | $1.7M | +11.0% |
Summary: 07423 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 did not change, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Zip Codes
| 07423 | $999.9K | $1.2M | +27.8% |
| 07463 | $555K | $624.5K | +12.5% |
| 07450 | $880K | $951K | +8.1% |
Housing Supply in 07423, NJ
How many homes are available in 07423, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Summary: The 07423 real estate market had 5 homes for sale in April 2024, a 150.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 07423 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07423, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 07423 in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07423, NJ
We’re sorry, we don't have information for this market at the moment
