Is 07711, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 07711 was a Seller's Market.
Housing Prices in 07711, NJ
How much do homes in 07711, NJ cost?
Median Sold Price
$1,480,000
$641/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07711 was $1,480,000 in March 2024, down 16.6% from last year, and the median price per square foot was $641.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $772.5K | N/A |
3 Bedrooms | $887.5K | $630K | -29.0% |
4 Bedrooms | $1.4M | $1.4M | +3.9% |
5+ Bedrooms | $2.6M | $2.6M | +1.9% |
Summary: 07711 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 did not change, 3 bedroom homes decreased by 29%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Zip Codes
07712 | $547.5K | $620K | +13.2% |
07711 | $1.7M | $1.4M | -16.6% |
Housing Supply in 07711, NJ
How many homes are available in 07711, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Summary: The 07711 real estate market had 18 homes for sale in March 2024, a 28.6% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 6 | +100.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 07711 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 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 07711 in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 07711, NJ
How long does it take to sell a home in 07711, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 34 Days | -60.5% |
Summary: Homes in 07711 had an average of 34 days on market in Mar 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in 07711; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.