Is 07728, 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, 07728 has remained a Seller's Market.
Housing Prices in 07728, NJ
How much do homes in 07728, NJ cost?
Median Sold Price
$491,770
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07728 was $491,770 in March 2024, up 14.5% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $219.5K | -2.4% |
2 Bedrooms | $335K | $365K | +9.0% |
3 Bedrooms | $430K | $485K | +12.8% |
4 Bedrooms | $695K | $726.5K | +4.5% |
5+ Bedrooms | $807.5K | $935K | +15.8% |
Summary: 07728 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in 07728, NJ
How many homes are available in 07728, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
156 | 155 | -0.6% |
Summary: The 07728 real estate market had 155 homes for sale in March 2024, a 0.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 54 | 64 | +18.5% |
3 Bedrooms | 32 | 27 | -15.6% |
4 Bedrooms | 39 | 35 | -10.3% |
5+ Bedrooms | 20 | 16 | -20.0% |
Summary: The 07728 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 18.5%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 32 | -8.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 07728 in March 2024, down by 8.6% month-over-month. Of the 32 sold homes, 19% were sold under asking, 9% were sold at asking, and 72% were sold over asking.
Days on Market for 07728, NJ
How long does it take to sell a home in 07728, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
27 Days | 17 Days | -36.4% |
Summary: Homes in 07728 had an average of 17 days on market in Mar 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 32 homes were sold in 07728; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.