Housing Prices in 07501, NJ
How much do homes in 07501, NJ cost?
Median List Price
$448,000
$218/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in 07501 has increased by 45.7% since last year.
Summary: The median home list price in 07501 was $448,000 in April 2024, up 45.7% from the previous year, and the median price per square foot was $218.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | $165K | -25.0% |
| 2 Bedrooms | $299.9K | $319K | +6.4% |
| 3 Bedrooms | $319.4K | $369.9K | +15.8% |
| 4 Bedrooms | $399.9K | $464.5K | +16.1% |
| 5+ Bedrooms | $349K | $549.9K | +57.6% |
Summary: 07501 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 57.6%.
Housing Supply in 07501, NJ
How many homes are available in 07501, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 77 | +26.2% |
Summary: The 07501 real estate market had 77 homes for sale in April 2024, a 26.2% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 41 | 50 | +22.0% |
Summary: The 07501 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 22%.
Days on Market for 07501, NJ
How long does it take to sell a home in 07501, NJ?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 242 Days | 81 Days | -66.5% |
Summary: Homes in 07501 had an average listing age of 81 days in Apr 2024, down by 66.5% compared to the previous year.
