Is 07760, 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, 07760 was a Buyer's Market.
Housing Prices in 07760, NJ
How much do homes in 07760, NJ cost?
Median Sold Price
$1,885,000
$609/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 07760 was $1,885,000 in April 2024, up 17.4% from last year, and the median price per square foot was $609.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $450K | +9.8% |
2 Bedrooms | $975K | $960K | -1.5% |
3 Bedrooms | $930K | $1.3M | +47.3% |
4 Bedrooms | $1.6M | $1.8M | +9.6% |
5+ Bedrooms | $2.8M | $2.9M | +1.1% |
Summary: 07760 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 47.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 07760, NJ
How many homes are available in 07760, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 57 | 0.0% |
Summary: The 07760 real estate market had 57 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 22 | 18 | -18.2% |
Summary: The 07760 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 75%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 07760 in April 2024, down by 23.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 07760, NJ
How long does it take to sell a home in 07760, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 24 Days | +8.9% |
Summary: Homes in 07760 had an average of 24 days on market in Apr 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 07760; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.