Is 07764, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 07764 was a Seller's Market.
Housing Prices in 07764, NJ
How much do homes in 07764, NJ cost?
Median Sold Price
$780,000
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 07764 was $780,000 in March 2024, down 4.9% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $455K | $556.5K | +22.3% |
3 Bedrooms | $762.5K | $645K | -15.4% |
4 Bedrooms | $850K | $889.4K | +4.6% |
5+ Bedrooms | $1.6M | $1.2M | -23.1% |
Summary: 07764 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.3%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 23.1%.
Housing Supply in 07764, NJ
How many homes are available in 07764, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Summary: The 07764 real estate market had 31 homes for sale in March 2024, a 24.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 9 | 12 | +33.3% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 07764 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 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in 07764 in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 07764, NJ
How long does it take to sell a home in 07764, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 13 Days | -76.1% |
Summary: Homes in 07764 had an average of 13 days on market in Mar 2024, down by 76.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in 07764; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.