Is 07463, 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, 07463 has remained a Seller's Market.
Key Takeaway
07463 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07463, NJ
How much do homes in 07463, NJ cost?
Median Sold Price
$624,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 07463 have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in 07463 was $624,000 in March 2024, up 13.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $391K | $498K | +27.4% |
| 3 Bedrooms | $540K | $580K | +7.4% |
| 4 Bedrooms | $595K | $665K | +11.8% |
| 5+ Bedrooms | $712.5K | $766.2K | +7.5% |
Summary: 07463 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 27.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Zip Codes
| 07463 | $551K | $624K | +13.2% |
| 07481 | $879.9K | $930K | +5.7% |
| 07401 | $999.9K | $1.0M | +3.3% |
Housing Supply in 07463, NJ
How many homes are available in 07463, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 16 | +166.7% |
Summary: The 07463 real estate market had 16 homes for sale in March 2024, a 166.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 2 | 9 | +350.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 07463 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 increased by 200%, 4 bedroom homes increased by 350%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07463, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 07463 in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07463, NJ
We’re sorry, we don't have information for this market at the moment
