Housing Prices in 07503, NJ
How much do homes in 07503, NJ cost?
Median List Price
$410,000
$168/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in 07503 has increased by 23.3% since last year.
Summary: The median home list price in 07503 was $410,000 in March 2024, up 23.3% from the previous year, and the median price per square foot was $168.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.9K | $205K | +2.6% |
| 2 Bedrooms | $259.9K | $325K | +25.0% |
| 3 Bedrooms | $385K | $399K | +3.6% |
| 4 Bedrooms | $419.9K | $404.4K | -3.7% |
| 5+ Bedrooms | $474.9K | $699K | +47.2% |
Summary: 07503 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 47.2%.
Housing Supply in 07503, NJ
How many homes are available in 07503, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The 07503 real estate market had 23 homes for sale in March 2024, a 27.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 07503 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 decreased by 33.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 22.2%.
Days on Market for 07503, NJ
How long does it take to sell a home in 07503, NJ?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 143 Days | 68 Days | -52.3% |
Summary: Homes in 07503 had an average listing age of 68 days in Mar 2024, down by 52.3% compared to the previous year.
