Is 07726, 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, 07726 has remained a Seller's Market.
Housing Prices in 07726, NJ
How much do homes in 07726, NJ cost?
Median Sold Price
$648,435
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07726 was $648,435 in March 2024, up 5.1% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $203K | $229K | +12.8% |
2 Bedrooms | $315K | $350K | +11.1% |
3 Bedrooms | $559.5K | $616K | +10.1% |
4 Bedrooms | $740K | $762.5K | +3.0% |
5+ Bedrooms | $852.4K | $996.2K | +16.9% |
Summary: 07726 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 16.9%.
Housing Supply in 07726, NJ
How many homes are available in 07726, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
125 | 144 | +15.2% |
Summary: The 07726 real estate market had 144 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 10 | +66.7% |
2 Bedrooms | 31 | 46 | +48.4% |
3 Bedrooms | 19 | 28 | +47.4% |
4 Bedrooms | 44 | 38 | -13.6% |
5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The 07726 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 48.4%, 3 bedroom homes increased by 47.4%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 32 | +77.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 07726 in March 2024, up by 77.8% month-over-month. Of the 32 sold homes, 47% were sold under asking, 13% were sold at asking, and 41% were sold over asking.
Days on Market for 07726, NJ
How long does it take to sell a home in 07726, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 50 Days | +39.9% |
Summary: Homes in 07726 had an average of 50 days on market in Mar 2024, up by 39.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 07726; 38% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.