Is 07746, 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, 07746 was a Neutral Market.
Housing Prices in 07746, NJ
How much do homes in 07746, NJ cost?
Median Sold Price
$760,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07746 was $760,000 in March 2024, up 2.7% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $465K | $535K | +15.1% |
3 Bedrooms | $620K | $690K | +11.3% |
4 Bedrooms | $775K | $775K | 0.0% |
5+ Bedrooms | $923K | $985K | +6.7% |
Summary: 07746 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 07746, NJ
How many homes are available in 07746, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 37 | -22.9% |
Summary: The 07746 real estate market had 37 homes for sale in March 2024, a 22.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 13 | 7 | -46.2% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 11 | 6 | -45.5% |
Summary: The 07746 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 decreased by 33.3%, 3 bedroom homes decreased by 46.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 45.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 10 | -41.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 07746 in March 2024, down by 41.2% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.
Days on Market for 07746, NJ
How long does it take to sell a home in 07746, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 15 Days | -12.9% |
Summary: Homes in 07746 had an average of 15 days on market in Mar 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 07746; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.