Is 07712, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 07712 has remained a Seller's Market.
Housing Prices in 07712, NJ
How much do homes in 07712, NJ cost?
Median Sold Price
$620,000
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07712 was $620,000 in March 2024, up 13.2% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $415K | +18.6% |
2 Bedrooms | $485.4K | $522K | +7.5% |
3 Bedrooms | $560K | $635K | +13.4% |
4 Bedrooms | $765K | $850K | +11.1% |
5+ Bedrooms | $940K | $945K | 0.5% |
Summary: 07712 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 07712, NJ
How many homes are available in 07712, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
117 | 143 | +22.2% |
Summary: The 07712 real estate market had 143 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 15 | +150.0% |
2 Bedrooms | 41 | 46 | +12.2% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 19 | 23 | +21.1% |
5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The 07712 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 07712 in March 2024, up by 20.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 17% were sold at asking, and 38% were sold over asking.
Days on Market for 07712, NJ
How long does it take to sell a home in 07712, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 35 Days | -30.1% |
Summary: Homes in 07712 had an average of 35 days on market in Mar 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 07712; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.