Is 07747, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 07747 has remained a Seller's Market.
Housing Prices in 07747, NJ
How much do homes in 07747, NJ cost?
Median Sold Price
$493,666
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07747 was $493,666 in April 2024, up 6.3% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $250K | +19.0% |
2 Bedrooms | $301.2K | $338.7K | +12.4% |
3 Bedrooms | $485K | $513K | +5.8% |
4 Bedrooms | $641K | $680K | +6.1% |
5+ Bedrooms | $640K | $715K | +11.7% |
Summary: 07747 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 11.7%.
Housing Supply in 07747, NJ
How many homes are available in 07747, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 101 | -5.6% |
Summary: The 07747 real estate market had 101 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 15 | -6.3% |
2 Bedrooms | 27 | 19 | -29.6% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 27 | 30 | +11.1% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 07747 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 29.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 24 | -31.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 07747 in April 2024, down by 31.4% month-over-month. Of the 24 sold homes, 21% were sold under asking, 4% were sold at asking, and 75% were sold over asking.
Days on Market for 07747, NJ
How long does it take to sell a home in 07747, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 27 Days | -44.3% |
Summary: Homes in 07747 had an average of 27 days on market in Apr 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in 07747; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.