Is 07762, 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, 07762 has remained a Seller's Market.
Housing Prices in 07762, NJ
How much do homes in 07762, NJ cost?
Median Sold Price
$1,050,000
$587/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07762 was $1,050,000 in March 2024, up 18% from last year, and the median price per square foot was $587.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $487.5K | $530K | +8.7% |
2 Bedrooms | $615K | $667.5K | +8.5% |
3 Bedrooms | $750K | $839K | +11.9% |
4 Bedrooms | $1.5M | $1.5M | -6.2% |
5+ Bedrooms | $3.2M | $3.5M | +7.7% |
Summary: 07762 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Zip Codes
08750 | $1.5M | $2.3M | +52.1% |
07762 | $889.5K | $1.0M | +18.0% |
07719 | $615K | $697K | +13.3% |
Housing Supply in 07762, NJ
How many homes are available in 07762, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 44 | -2.2% |
Summary: The 07762 real estate market had 44 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 2 | 6 | +200.0% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The 07762 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 decreased by 22.2%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 07762 in March 2024, up by 100.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 07762, NJ
How long does it take to sell a home in 07762, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
78 Days | 61 Days | -21.4% |
Summary: Homes in 07762 had an average of 61 days on market in Mar 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 07762; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.