Is 07604, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 07604 was a Seller's Market.
Key Takeaway
07604 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 07604, NJ
How much do homes in 07604, NJ cost?
Median Sold Price
$715,000
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 07604 have sold for 3.4% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $480K | N/A |
| 3 Bedrooms | $740K | - | N/A |
| 4 Bedrooms | $820K | - | N/A |
| 5+ Bedrooms | - | $950K | N/A |
Summary: 07604 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 07604, NJ
How many homes are available in 07604, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 27 | +58.8% |
Summary: The 07604 real estate market had 27 homes for sale in April 2024, a 58.8% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The 07604 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 30.8%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 07604, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 07604 in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 07604, NJ
We’re sorry, we don't have information for this market at the moment
