Is 07826, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 07826 has remained a Seller's Market.
Key Takeaway
07826 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 07826, NJ
How much do homes in 07826, NJ cost?
Median Sold Price
$410,959
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 07826 have sold for 15.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188.5K | - | N/A |
| 2 Bedrooms | $250K | $282.5K | +13.0% |
| 3 Bedrooms | $351.2K | $415K | +18.1% |
| 4 Bedrooms | $462.5K | $594.1K | +28.5% |
| 5+ Bedrooms | $560K | $580K | +3.6% |
Summary: 07826 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 increased by 13%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Zip Codes
| 07826 | $356.2K | $410.9K | +15.4% |
| 07827 | $303.5K | $250K | -17.6% |
Housing Supply in 07826, NJ
How many homes are available in 07826, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The 07826 real estate market had 26 homes for sale in April 2024, a 4.0% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 07826 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 increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 07826, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 07826 in April 2024, up by 233.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for 07826, NJ
We’re sorry, we don't have information for this market at the moment
