Is 07734, 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, 07734 was a Seller's Market.
Housing Prices in 07734, NJ
How much do homes in 07734, NJ cost?
Median Sold Price
$345,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07734 was $345,000 in March 2024, up 7.8% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171.2K | $205.5K | +20.0% |
2 Bedrooms | $270K | $237.5K | -12.0% |
3 Bedrooms | $330K | $364K | +10.3% |
4 Bedrooms | $367.5K | $418.7K | +13.9% |
5+ Bedrooms | $399.5K | $435K | +8.9% |
Summary: 07734 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in 07734, NJ
How many homes are available in 07734, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 70 | +18.6% |
Summary: The 07734 real estate market had 70 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 9 | +350.0% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 27 | 28 | +3.7% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 07734 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 350%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 07734 in March 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for 07734, NJ
How long does it take to sell a home in 07734, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 50 Days | +15.8% |
Summary: Homes in 07734 had an average of 50 days on market in Mar 2024, up by 15.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 07734; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.