Is 07825, 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, 07825 was a Seller's Market.
Key Takeaway
07825 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 07825, NJ
How much do homes in 07825, NJ cost?
Median Sold Price
$476,250
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07825 have sold for 15.5% more than they did a year ago.
Summary: The median home sold price in 07825 was $476,250 in April 2024, up 15.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | - | N/A |
| 2 Bedrooms | $259.2K | $249.9K | -3.6% |
| 3 Bedrooms | $369K | $431.5K | +16.9% |
| 4 Bedrooms | $510K | $547.4K | +7.3% |
| 5+ Bedrooms | $550K | $597K | +8.5% |
Summary: 07825 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Zip Codes
| 07838 | $371.5K | $507.5K | +36.6% |
| 07825 | $412.5K | $476.2K | +15.5% |
| 07832 | $415K | $428K | +3.1% |
Housing Supply in 07825, NJ
How many homes are available in 07825, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 39 | +21.9% |
Summary: The 07825 real estate market had 39 homes for sale in April 2024, a 21.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 07825 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07825, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 07825 in April 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 07825, NJ
We’re sorry, we don't have information for this market at the moment
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