Is 07756, 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, 07756 has remained a Seller's Market.
Housing Prices in 07756, NJ
How much do homes in 07756, NJ cost?
Median Sold Price
$785,000
$595/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07756 was $785,000 in April 2024, up 21% from last year, and the median price per square foot was $595.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $335K | $452.5K | +35.1% |
2 Bedrooms | $570K | $666.3K | +16.9% |
3 Bedrooms | $625K | $743.7K | +19.0% |
4 Bedrooms | $809.7K | $999K | +23.4% |
5+ Bedrooms | $965K | $1.1M | +19.7% |
Summary: 07756 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.1%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Zip Codes
07756 | $648.7K | $785K | +21.0% |
07712 | $550K | $600.7K | +9.2% |
07720 | $852.2K | $910.2K | +6.8% |
Housing Supply in 07756, NJ
How many homes are available in 07756, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Summary: The 07756 real estate market had 23 homes for sale in April 2024, a 27.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 07756 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 07756 in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 07756, NJ
How long does it take to sell a home in 07756, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 36 Days | +15.5% |
Summary: Homes in 07756 had an average of 36 days on market in Apr 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 07756; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.