Is 07821, 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, 07821 has remained a Seller's Market.
Key Takeaway
07821 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07821, NJ
How much do homes in 07821, NJ cost?
Median Sold Price
$483,000
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 07821 have sold for 13% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $265K | $310K | +17.0% |
| 3 Bedrooms | $390K | $418K | +7.2% |
| 4 Bedrooms | $527.5K | $600K | +13.7% |
| 5+ Bedrooms | $710K | $703.2K | -1.0% |
Summary: 07821 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 17%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 07821, NJ
How many homes are available in 07821, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 42 | +50.0% |
Summary: The 07821 real estate market had 42 homes for sale in March 2024, a 50.0% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 10 | 18 | +80.0% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 07821 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 20%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 8 | +700.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07821, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 07821 in March 2024, up by 700.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for 07821, NJ
We’re sorry, we don't have information for this market at the moment
