Is 07512, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 07512 was a Seller's Market.
Housing Prices in 07512, NJ
How much do homes in 07512, NJ cost?
Median Sold Price
$542,500
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $350K | +438.5% |
2 Bedrooms | $390K | $450K | +15.4% |
3 Bedrooms | $522.5K | $500.5K | -4.2% |
4 Bedrooms | $615K | $725K | +17.9% |
5+ Bedrooms | $999.9K | $800K | -20.0% |
Summary: 07512 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 438.5%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 20%.
Housing Supply in 07512, NJ
How many homes are available in 07512, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 38 | +46.2% |
Summary: The 07512 real estate market had 38 homes for sale in April 2024, a 46.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 13 | 25 | +92.3% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 07512 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 increased by 50%, 3 bedroom homes increased by 92.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 07512 in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07512, NJ
We’re sorry, we don't have information for this market at the moment