Is 07719, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 07719 has remained a Seller's Market.
Housing Prices in 07719, NJ
How much do homes in 07719, NJ cost?
Median Sold Price
$703,500
$423/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07719 was $703,500 in April 2024, up 13.6% from last year, and the median price per square foot was $423.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345.5K | $362.5K | +4.9% |
2 Bedrooms | $475K | $500.5K | +5.4% |
3 Bedrooms | $605K | $700K | +15.7% |
4 Bedrooms | $875K | $970K | +10.9% |
5+ Bedrooms | $1.0M | $1.4M | +34.9% |
Summary: 07719 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Zip Codes
07717 | $1.0M | $1.7M | +70.8% |
08750 | $1.5M | $2.3M | +47.8% |
07719 | $619.5K | $703.5K | +13.6% |
07762 | $913.5K | $975K | +6.7% |
Housing Supply in 07719, NJ
How many homes are available in 07719, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 88 | +6.0% |
Summary: The 07719 real estate market had 88 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 23 | 20 | -13.0% |
Summary: The 07719 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 13%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 18 | -10.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 07719 in April 2024, down by 10.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 22% were sold at asking, and 61% were sold over asking.
Days on Market for 07719, NJ
How long does it take to sell a home in 07719, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 16 Days | -28.9% |
Summary: Homes in 07719 had an average of 16 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 07719; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.