Is 07436, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 07436 has remained a Seller's Market.
Key Takeaway
07436 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07436, NJ
How much do homes in 07436, NJ cost?
Median Sold Price
$619,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 07436 has remained the same since last year.
Summary: The median home sold price in 07436 was $619,000 in March 2024, down 0.1% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | $290K | +74.7% |
| 2 Bedrooms | $360K | $475K | +31.9% |
| 3 Bedrooms | $610K | $595K | -2.5% |
| 4 Bedrooms | $642.5K | $725K | +12.8% |
| 5+ Bedrooms | $667.5K | $904.9K | +35.6% |
Summary: 07436 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.7%, 2 bedroom homes increased by 31.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 35.6%.
Median Sold Price Compared To Nearby Zip Codes
| 07430 | $517K | $702.5K | +35.9% |
| 07465 | $437.5K | $464.9K | +6.3% |
| 07436 | $619.9K | $619K | -0.1% |
Housing Supply in 07436, NJ
How many homes are available in 07436, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 23 | +43.8% |
Summary: The 07436 real estate market had 23 homes for sale in March 2024, a 43.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 10 | +150.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 07436 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07436, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 07436 in March 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 07436, NJ
We’re sorry, we don't have information for this market at the moment
