Is 07755, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 07755 was a Seller's Market.
Housing Prices in 07755, NJ
How much do homes in 07755, NJ cost?
Median Sold Price
$710,000
$480/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07755 was $710,000 in April 2024, down 10.1% from last year, and the median price per square foot was $480.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $384.5K | $350K | -9.0% |
2 Bedrooms | $500K | $460K | -8.0% |
3 Bedrooms | $751K | $737K | -1.9% |
4 Bedrooms | $810K | $745K | -8.0% |
5+ Bedrooms | $1.1M | $2.4M | +115.0% |
Summary: 07755 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 115%.
Housing Supply in 07755, NJ
How many homes are available in 07755, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 60 | +5.3% |
Summary: The 07755 real estate market had 60 homes for sale in April 2024, a 5.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 21 | 20 | -4.8% |
5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The 07755 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 07755 in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for 07755, NJ
How long does it take to sell a home in 07755, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 73 Days | +36.8% |
Summary: Homes in 07755 had an average of 73 days on market in Apr 2024, up by 36.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 07755; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.