Is 07452, 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, 07452 has remained a Seller's Market.
Key Takeaway
07452 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07452, NJ
How much do homes in 07452, NJ cost?
Median Sold Price
$965,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 07452 have sold for 19.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $499K | $585K | +17.2% |
| 3 Bedrooms | $670.2K | $772.5K | +15.3% |
| 4 Bedrooms | $910K | $1.1M | +31.3% |
| 5+ Bedrooms | $1.0M | $1.1M | +12.9% |
Summary: 07452 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Zip Codes
| 07452 | $810K | $965K | +19.1% |
| 07506 | $485K | $520K | +7.2% |
Housing Supply in 07452, NJ
How many homes are available in 07452, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The 07452 real estate market had 10 homes for sale in March 2024, a 28.6% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 2 | -66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 07452 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 remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07452, 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 07452 in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for 07452, NJ
We’re sorry, we don't have information for this market at the moment
