Is 07753, 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, 07753 has remained a Seller's Market.
Housing Prices in 07753, NJ
How much do homes in 07753, NJ cost?
Median Sold Price
$471,666
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07753 was $471,666 in March 2024, up 11% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $278.9K | $305K | +9.3% |
2 Bedrooms | $360K | $386K | +7.2% |
3 Bedrooms | $430K | $500K | +16.3% |
4 Bedrooms | $493K | $546.2K | +10.8% |
5+ Bedrooms | $560.7K | $572.5K | +2.1% |
Summary: 07753 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 07753, NJ
How many homes are available in 07753, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 101 | -1.0% |
Summary: The 07753 real estate market had 101 homes for sale in March 2024, a 1.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 45 | 43 | -4.4% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 07753 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 26.3%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 29 | +38.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 07753 in March 2024, up by 38.1% month-over-month. Of the 29 sold homes, 31% were sold under asking, 7% were sold at asking, and 62% were sold over asking.
Days on Market for 07753, NJ
How long does it take to sell a home in 07753, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 26 Days | +26.1% |
Summary: Homes in 07753 had an average of 26 days on market in Mar 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 07753; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.