Is 07735, 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, 07735 has remained a Seller's Market.
Housing Prices in 07735, NJ
How much do homes in 07735, NJ cost?
Median Sold Price
$445,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07735 was $445,000 in March 2024, up 11.3% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $230K | +39.4% |
2 Bedrooms | $310K | $360K | +16.1% |
3 Bedrooms | $405K | $440K | +8.6% |
4 Bedrooms | $470K | $549.2K | +16.9% |
5+ Bedrooms | $602.5K | $629K | +4.4% |
Summary: 07735 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.4%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in 07735, NJ
How many homes are available in 07735, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 79 | +27.4% |
Summary: The 07735 real estate market had 79 homes for sale in March 2024, a 27.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 30 | 39 | +30.0% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 07735 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 16 | +220.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 07735 in March 2024, up by 220.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for 07735, NJ
How long does it take to sell a home in 07735, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 25 Days | -30.8% |
Summary: Homes in 07735 had an average of 25 days on market in Mar 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 07735; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.